CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing all your money. Read full risk warning.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 10/08/2021

Fundamental analysis

10 August, 2021

The British Pound rallied on Tuesday. It is presently 1.38654. In the UK, the BRC Retail Sales Monitor for July rose 4.7%, Year-over-Year. That was lower than last month’s figure of 6.7%. The United States will release Nonfarm Productivity for the 2nd Quarter this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 10/08/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 10/08/2021

Support & Resistance Level Explanation
Resistance 2 1.3903 Daily R2
Resistance 1 1.3883 Daily R1
Support 1 1.3831 Daily S1
Support 2 1.3811 Daily S2

GBPUSD Indicator Table - 10/08/2021

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Buy
MACD( 12;26;9) Sell
RSI (14) Buy
Stochastic ( 9;6;3) Buy

GBPUSD Indicator / Period Table - 10/08/2021

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuyBuy
RSI (14) Buy NeutralBuy
SMA 20 Sell SellBuy

GBPUSD 10/08/2021 - Reference Price : 1.3859

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Pound - US Dollar Chart
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