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 24/10/2022

Fundamental analysis

24 October, 2022

The Pound was lower against the U.S Dollar today. It is currently trading at 1.1121. The U.K reported Composite PMI at 47.2 vs 48.1 expected. Manufacturing PMI printed 45.8. The consensus was 48.0. Services PMI reported 47.5 vs 49.6 expected. The United States will report Services and Manufacturing PMI for October later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/10/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/10/2022

Support & Resistance Level Explanation
Resistance 2 1.1432 Daily R2
Resistance 1 1.1377 Daily R1
Support 1 1.1229 Daily S1
Support 2 1.1174 Daily S2

GBPUSD Indicator Table - 24/10/2022

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

GBPUSD Indicator / Period Table - 24/10/2022

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

GBPUSD 24/10/2022 - Reference Price : 1.1290

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