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.
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Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 08/04/2021

Fundamental analysis

08 April, 2021

The British Pound USD currency pair traded higher to 1.3760 during the Asian session. The Pound got pounded on Wednesday but recovered about half of its losses by the end of the European trading day. The UK’s Composite and Services PMI’s for March were 56.4 and 56.3 respectively. The United States released trade data figures for February. It came in at -$71.10 billion, slightly worse than the consensus forecast of -$70.50 billion.

Technical analysis

Pound - US Dollar Analysis Technical analysis 08/04/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 08/04/2021

Support & Resistance Level Explanation
Resistance 2 1.3831 Daily R2
Resistance 1 1.3803 Daily R1
Support 1 1.3728 Daily S1
Support 2 1.3701 Daily S2

GBPUSD Indicator Table - 08/04/2021

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 - 08/04/2021

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

GBPUSD 08/04/2021 - Reference Price : 1.3761

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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