CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 08/07/2022

Fundamental analysis

08 July, 2022

The Pound dollar currency pair increased during the Asian session. The pair is trading at 1.1975. The U.K reported a Halifax House Price Index Year-on-Year at 13.0%. Labour Productivity printed -0.8%. The United States printed Trade Balance for May at -85.50b. The consensus was -84.90b.

Technical analysis

Pound - US Dollar Analysis Technical analysis 08/07/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 08/07/2022

Support & Resistance Level Explanation
Resistance 2 1.2104 Daily R2
Resistance 1 1.2060 Daily R1
Support 1 1.1942 Daily S1
Support 2 1.1898 Daily S2

GBPUSD Indicator Table - 08/07/2022

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

GBPUSD Indicator / Period Table - 08/07/2022

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

GBPUSD 08/07/2022 - Reference Price : 1.2002

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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Pound - US Dollar Chart
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