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 12/08/2024

Fundamental analysis

12 August, 2024

During Asian trading, the British Pound increased against the US Dollar trading above 1.2760 levels.

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

Technical analysis

Pound - US Dollar Analysis Technical analysis 12/08/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 12/08/2024

Support & Resistance Level Explanation
Resistance 2 1.2824 Daily R2
Resistance 1 1.2798 Daily R1
Support 1 1.2730 Daily S1
Support 2 1.2704 Daily S2

GBPUSD Indicator Table - 12/08/2024

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

GBPUSD Indicator / Period Table - 12/08/2024

Indicator / Period Day - BuyWeek - SellMonth - Buy
MACD( 12;26;9) Neutral SellBuy
RSI (14) Buy SellBuy
SMA 20 Buy SellBuy

GBPUSD 12/08/2024 - Reference Price : 1.2764

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