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

EU Session Analysis for CFD Instruments 08/05/2024

Fundamental analysis

08 May, 2024

During Asian trading, the British Pound was lower against the US Dollar, trading below 1.2500 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 08/05/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 08/05/2024

Support & Resistance Level Explanation
Resistance 2 1.2540 Daily R2
Resistance 1 1.2516 Daily R1
Support 1 1.2454 Daily S1
Support 2 1.2430 Daily S2

GBPUSD Indicator Table - 08/05/2024

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

GBPUSD Indicator / Period Table - 08/05/2024

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

GBPUSD 08/05/2024 - Reference Price : 1.2485

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