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. 70.41% 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 03/09/2021

Fundamental analysis

03 September, 2021

The British Pound traded slightly lower on Friday. It is presently 1.38242. The UK’s Services PMI for August came in at 55.0. Analysts had forecast 55.5. Its COmposite PMI for August was 54.8, also below the analysts’ expectation of 55.3. The United States will release Nonfarm Payroll Changes and the Unemployment Rate for August, as well as its ISM Services PMI for August this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 03/09/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 03/09/2021

Support & Resistance Level Explanation
Resistance 2 1.3869 Daily R2
Resistance 1 1.3848 Daily R1
Support 1 1.3792 Daily S1
Support 2 1.3772 Daily S2

GBPUSD Indicator Table - 03/09/2021

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

GBPUSD Indicator / Period Table - 03/09/2021

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

GBPUSD 03/09/2021 - Reference Price : 1.3821

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