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 10/08/2023

Fundamental analysis

10 August, 2023

During European trading, the British pound was slightly higher against the US dollar. It is trading around 1.2754. The U.K has no economic events scheduled to report. The United States is set to report CPI Year-on-Year for July later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 10/08/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 10/08/2023

Support & Resistance Level Explanation
Resistance 2 1.2824 Daily R2
Resistance 1 1.2797 Daily R1
Support 1 1.2723 Daily S1
Support 2 1.2696 Daily S2

GBPUSD Indicator Table - 10/08/2023

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

GBPUSD Indicator / Period Table - 10/08/2023

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

GBPUSD 10/08/2023 - Reference Price : 1.2760

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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