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 01/11/2021

Fundamental analysis

01 November, 2021

The British Pound USD currency pair fell to 1.3674 during the Asian session.

The British pound has recovered after initially selling off during the trading session on Thursday . It has struggled to hold its ground against the greenback as the sharp decline witnessed in the UK gilt yields during the budget presentation made it difficult for the currency to find demand. Strong fall of USD in the afternoon hours pushed this currency pair up towards previously reached monthly high.

Technical analysis

Pound - US Dollar Analysis Technical analysis 01/11/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 01/11/2021

Support & Resistance Level Explanation
Resistance 2 1.37382 Daily R2
Resistance 1 1.37128 Daily R1
Support 1 1.36452 Daily S1
Support 2 1.36198 Daily S2

GBPUSD Indicator Table - 01/11/2021

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

GBPUSD Indicator / Period Table - 01/11/2021

Indicator / Period Day - SellWeek - SellMonth - Sell
MACD( 12;26;9) Sell BuySell
RSI (14) Sell SellSell
SMA 20 Sell SellSell

GBPUSD 01/11/2021 - Reference Price : 1.36790

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