CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 07/05/2024

Fundamental analysis

07 May, 2024

During European trading, the British Pound was lower against the US Dollar, trading below 1.2600 levels.

The UK has no major economic data for release today. The United States is expected to release no significant data.

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/05/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/05/2024

Support & Resistance Level Explanation
Resistance 2 1.2593 Daily R2
Resistance 1 1.2569 Daily R1
Support 1 1.2507 Daily S1
Support 2 1.2484 Daily S2

GBPUSD Indicator Table - 07/05/2024

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

GBPUSD Indicator / Period Table - 07/05/2024

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

GBPUSD 07/05/2024 - Reference Price : 1.2537

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