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 06/05/2021

Fundamental analysis

06 May, 2021

The British Pound USD currency pair inched lower to 1.3899 during the Asian session. The Pound moved sideways on Wednesday in choppy trading. The UK’s economic calendar was empty. In the United States, the ISM Services PMI for April printed at 62.7. The consensus forecast was 64.3. The ADP Nonfarm Employment Change for April was 742,000, below the 800,000 new jobs analysts had predicted.

Technical analysis

Pound - US Dollar Analysis Technical analysis 06/05/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 06/05/2021

Support & Resistance Level Explanation
Resistance 2 1.3968 Daily R2
Resistance 1 1.3941 Daily R1
Support 1 1.3870 Daily S1
Support 2 1.3843 Daily S2

GBPUSD Indicator Table - 06/05/2021

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 - 06/05/2021

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

GBPUSD 06/05/2021 - Reference Price : 1.3904

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
Share It With Your Network
Pound - US Dollar Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now