CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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

US Session Analysis for CFD Instruments 05/10/2021

Fundamental analysis

05 October, 2021

The British Pound rose marginally on Tuesday. It is presently 1.36216. The UK’s Services PMI for September came in at 55.4 and its Composite PMI for September printed at 54.9. Both beat their forecasts of 54.6 and 54.1, respectively. The United States will release its ISM Services PMI for September this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/10/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/10/2021

Support & Resistance Level Explanation
Resistance 2 1.3721 Daily R2
Resistance 1 1.3679 Daily R1
Support 1 1.3568 Daily S1
Support 2 1.3528 Daily S2

GBPUSD Indicator Table - 05/10/2021

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

GBPUSD Indicator / Period Table - 05/10/2021

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

GBPUSD 05/10/2021 - Reference Price : 1.3633

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