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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% 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 23/08/2021

Fundamental analysis

23 August, 2021

The British Pound made a modest climb on Monday. It is presently 1.36700. The UK’s manufacturing and Services PMI’s for August were 60.1 and 55.3, respectively. Both figures were below July’s results. The UK’s CBI Industrial Trends Orders for August printed at 18. The consensus forecast was 16. The United States will release its Manufacturing and Services PMI’s for August this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 23/08/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 23/08/2021

Support & Resistance Level Explanation
Resistance 2 1.3724 Daily R2
Resistance 1 1.3701 Daily R1
Support 1 1.3640 Daily S1
Support 2 1.3617 Daily S2

GBPUSD Indicator Table - 23/08/2021

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

GBPUSD Indicator / Period Table - 23/08/2021

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

GBPUSD 23/08/2021 - Reference Price : 1.3672

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Pound - US Dollar Chart
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