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 29/10/2021

Fundamental analysis

29 October, 2021

The British Pound is slightly lower on Thursday in choppy trading. It is presently 1.37875. In the UK, Mortgage Lending for September came in at 9.52 billion pounds. The consensus forecast was only 6.00 billion pounds. The United States will release the PCE Price Index for September and personal Spending for September this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 29/10/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 29/10/2021

Support & Resistance Level Explanation
Resistance 2 1.38381 Daily R2
Resistance 1 1.38161 Daily R1
Support 1 1.37575 Daily S1
Support 2 1.37355 Daily S2

GBPUSD Indicator Table - 29/10/2021

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

GBPUSD Indicator / Period Table - 29/10/2021

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Neutral BuyNeutral
RSI (14) Buy BuyBuy
SMA 20 Buy BuyNeutral

GBPUSD 29/10/2021 - Reference Price : 1.37868

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