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 03/08/2022

Fundamental analysis

03 August, 2022

The Pound was weaker against the U.S Dollar today. It is currently trading at 1.2168. The U.K reported Composite PMI for July at 52.1 vs 52.8 expected. Services PMI for July was reported at 52.6. The consensus was 53.3. The United States will report Services PMI for July later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 03/08/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 03/08/2022

Support & Resistance Level Explanation
Resistance 2 1.2272 Daily R2
Resistance 1 1.2230 Daily R1
Support 1 1.2117 Daily S1
Support 2 1.2075 Daily S2

GBPUSD Indicator Table - 03/08/2022

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

GBPUSD Indicator / Period Table - 03/08/2022

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

GBPUSD 03/08/2022 - Reference Price : 1.2188

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