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

EU Session Analysis for CFD Instruments 05/05/2021

Fundamental analysis

05 May, 2021

The British Pound USD currency pair edged higher to 1.3906 during the Asian session. The Pound fell on Tuesday but climbed off of its lows of the day. The UK’s Manufacturing PMI for April came in at 60.9. In the United States, Factory orders climbed 1.1%, Month-over-Month, just under their forecast of 1.3%. The U.S. Trade Balance for March was -$74.40 billion. a record.

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/05/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/05/2021

Support & Resistance Level Explanation
Resistance 2 1.3966 Daily R2
Resistance 1 1.3937 Daily R1
Support 1 1.3858 Daily S1
Support 2 1.3828 Daily S2

GBPUSD Indicator Table - 05/05/2021

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

GBPUSD Indicator / Period Table - 05/05/2021

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

GBPUSD 05/05/2021 - Reference Price : 1.3897

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