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. 70.41% 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 07/08/2024

Fundamental analysis

07 August, 2024

During European trading, the British Pound rose against the US Dollar, trading above 1.2700 levels.

There are no major economic data releases coming from the UK today. In the United States, there are no major data releases scheduled today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/08/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/08/2024

Support & Resistance Level Explanation
Resistance 2 1.2786 Daily R2
Resistance 1 1.2754 Daily R1
Support 1 1.2666 Daily S1
Support 2 1.2634 Daily S2

GBPUSD Indicator Table - 07/08/2024

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

GBPUSD Indicator / Period Table - 07/08/2024

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

GBPUSD 07/08/2024 - Reference Price : 1.2705

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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Pound - US Dollar Chart
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