CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 04/10/2021

Fundamental analysis

04 October, 2021

The British Pound USD currency pair was inched lower at 1.3542 during the Asian session. The Pound climbed higher on Friday. The UK’s economic calendar was empty. In the United States, the ISM Manufacturing PMI for September beat its forecast, coming in at 61.1. Personal Spending in the U.S. for August printed up 0.8%, Month-over-Month. The consensus forecast was 0.6%. The Core PCE Index for August climbed 0.3%, Month-over-Month. Analysts had only predicted 0.2%.

Technical analysis

Pound - US Dollar Analysis Technical analysis 04/10/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 04/10/2021

Support & Resistance Level Explanation
Resistance 2 1.3626 Daily R2
Resistance 1 1.3590 Daily R1
Support 1 1.3496 Daily S1
Support 2 1.3460 Daily S2

GBPUSD Indicator Table - 04/10/2021

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 - 04/10/2021

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

GBPUSD 04/10/2021 - Reference Price : 1.3542

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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