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 27/08/2024

Fundamental analysis

27 August, 2024

During Asian trading, the British Pound edged higher against the US Dollar trading below 1.3200 levels.

There is no major economic data due to be released in the UK today. In the United States CB Consumer Confidence data will be posted this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 27/08/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 27/08/2024

Support & Resistance Level Explanation
Resistance 2 1.3253 Daily R2
Resistance 1 1.3228 Daily R1
Support 1 1.3161 Daily S1
Support 2 1.3136 Daily S2

GBPUSD Indicator Table - 27/08/2024

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

GBPUSD Indicator / Period Table - 27/08/2024

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuySell
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

GBPUSD 27/08/2024 - Reference Price : 1.3194

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