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 05/08/2022

Fundamental analysis

05 August, 2022

The Pound dollar currency pair fell sharply during the Asian session. The pair is trading at 1.2108. The Bank of England raised Interest Rates 50 basis points as expected. Construction PMI for July printed 48.9 vs 52.0. The United States Trade Balance for June was reported at -$79.60b. The consensus was -$80.10b. Initial Jobless Claims printed 260k vs 259k expected.

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/08/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/08/2022

Support & Resistance Level Explanation
Resistance 2 1.22432 Daily R2
Resistance 1 1.22002 Daily R1
Support 1 1.20856 Daily S1
Support 2 1.20426 Daily S2

GBPUSD Indicator Table - 05/08/2022

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

GBPUSD Indicator / Period Table - 05/08/2022

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

GBPUSD 05/08/2022 - Reference Price : 1.21429

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