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 06/09/2023

Fundamental analysis

06 September, 2023

During Asian trading, the British Pound dropped against the US Dollar and is trading at 1.2578. The UK Composite and Services PMI for August showed the largest dip in 7 months yesterday. The United States Month-on-Month Factory Orders for July also dipped yesterday.

Technical analysis

Pound - US Dollar Analysis Technical analysis 06/09/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 06/09/2023

Support & Resistance Level Explanation
Resistance 2 1.2647 Daily R2
Resistance 1 1.2617 Daily R1
Support 1 1.2537 Daily S1
Support 2 1.2507 Daily S2

GBPUSD Indicator Table - 06/09/2023

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

GBPUSD Indicator / Period Table - 06/09/2023

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

GBPUSD 06/09/2023 - Reference Price : 1.2576

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