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. 70.91% 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 04/11/2022

Fundamental analysis

04 November, 2022

The Pound dollar currency pair increased during the Asian session. The pair is trading at 1.1215. The Bank of England raised rates yesterday with a 75 bps hike. Composite PMI for October printed 48.2 vs 47.2 expected. Services PMI for October was reported at 48.8. The consensus was 47.5. The U.K will report Construction PMI for October later today. The United States printed Initial Jobless Claims at 217k vs 220k expected. ISM Non-Manufacturing PMI for October printed 54.4. The consensus was 55.5. The Unemployment Rate for October is set to be reported later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 04/11/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 04/11/2022

Support & Resistance Level Explanation
Resistance 2 1.1351 Daily R2
Resistance 1 1.1298 Daily R1
Support 1 1.1159 Daily S1
Support 2 1.1106 Daily S2

GBPUSD Indicator Table - 04/11/2022

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

GBPUSD Indicator / Period Table - 04/11/2022

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

GBPUSD 04/11/2022 - Reference Price : 1.1212

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