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 22/08/2024

Fundamental analysis

22 August, 2024

During European trading, the British Pound increased against the US Dollar, trading above 1.3100 levels.

This is no economic data due to be posted in the UK today. In the United States Initial Jobless Claims, Manufacturing PMI, Global Services PMI and Existing Home Sales data will be revealed this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 22/08/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 22/08/2024

Support & Resistance Level Explanation
Resistance 2 1.3178 Daily R2
Resistance 1 1.3153 Daily R1
Support 1 1.3089 Daily S1
Support 2 1.3064 Daily S2

GBPUSD Indicator Table - 22/08/2024

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

GBPUSD Indicator / Period Table - 22/08/2024

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

GBPUSD 22/08/2024 - Reference Price : 1.3109

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