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 06/08/2024

Fundamental analysis

06 August, 2024

During Asian trading, the British Pound declined against the US Dollar trading below 1.2800 levels.

There are no major economic data releases coming from the UK today. In the United States, there are no major data releases scheduled today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 06/08/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 06/08/2024

Support & Resistance Level Explanation
Resistance 2 1.2834 Daily R2
Resistance 1 1.2807 Daily R1
Support 1 1.2733 Daily S1
Support 2 1.2706 Daily S2

GBPUSD Indicator Table - 06/08/2024

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

GBPUSD Indicator / Period Table - 06/08/2024

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

GBPUSD 06/08/2024 - Reference Price : 1.2770

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