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. 70.41% 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 24/08/2021

Fundamental analysis

24 August, 2021

The British Pound USD currency pair inched upwards trading at 1.3723 during the Asian session. The Pound climbed on Monday, like most major currencies against the Greenback. The UK’s Manufacturing and Services PMI’s for August were 60.1 and 55.3, respectively. The UK’s CBI Industrial Trends Orders for August printed at 18. In the United States, both the Manufacturing and Services PMI’s for August fell short of their estimates landing on 61.2 and 55.2 respectively. Existing Home Sales in the United States beat their forecast coming in at 5.99 million. The consensus forecast was 5.83 million.

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/08/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/08/2021

Support & Resistance Level Explanation
Resistance 2 1.3804 Daily R2
Resistance 1 1.3777 Daily R1
Support 1 1.3707 Daily S1
Support 2 1.3681 Daily S2

GBPUSD Indicator Table - 24/08/2021

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

GBPUSD Indicator / Period Table - 24/08/2021

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

GBPUSD 24/08/2021 - Reference Price : 1.3740

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