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 05/04/2024

Fundamental analysis

05 April, 2024

During Asian trading, the British Pound was weaker against the US Dollar, trading below 1.2700 levels.

The UK will not be posting any significant economic data today. Today, the Nonfarm Payrolls and Unemployment Rate figures for the United States are anticipated to be released.

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/04/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/04/2024

Support & Resistance Level Explanation
Resistance 2 1.2661 Daily R2
Resistance 1 1.2644 Daily R1
Support 1 1.2598 Daily S1
Support 2 1.2581 Daily S2

GBPUSD Indicator Table - 05/04/2024

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

GBPUSD Indicator / Period Table - 05/04/2024

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

GBPUSD 05/04/2024 - Reference Price : 1.2622

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