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 18/10/2024

Fundamental analysis

18 October, 2024

During European trading, the British Pound climbed against the US Dollar trading above 1.3000 levels.

The Pound jumped to near 1.3050 after gaining ground close to the psychological support of 1.3000 against the US Dollar on Friday. In the UK, Core Retail Sales data for September was 4% vs 3.2% expected. In the United States, Building Permits data for September (1.45 mln exp) will be posted (13:30) and Fed Members Bostic and Kashkari will speak (14:30 and 15:00 respectively).

Technical analysis

Pound - US Dollar Analysis Technical analysis 18/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 18/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3077 Daily R2
Resistance 1 1.3059 Daily R1
Support 1 1.3011 Daily S1
Support 2 1.2993 Daily S2

GBPUSD Indicator Table - 18/10/2024

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

GBPUSD Indicator / Period Table - 18/10/2024

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

GBPUSD 18/10/2024 - Reference Price : 1.3034

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