CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 06/10/2021

Fundamental analysis

06 October, 2021

The British Pound slid lower on Wednesday as the Greenback gained across the board. It is presently 1.35572. The UK’s Construction PMI for September printed at 52.6. The consensus forecast was 54.0. The United States will release weekly mortgage data and the ADP Nonfarm Employment Change for September this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 06/10/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 06/10/2021

Support & Resistance Level Explanation
Resistance 2 1.3640 Daily R2
Resistance 1 1.3607 Daily R1
Support 1 1.3518 Daily S1
Support 2 1.3484 Daily S2

GBPUSD Indicator Table - 06/10/2021

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

GBPUSD Indicator / Period Table - 06/10/2021

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

GBPUSD 06/10/2021 - Reference Price : 1.3562

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