CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 02/05/2023

Fundamental analysis

02 May, 2023

The Pound was lower against the U.S Dollar today and is trading around 1.2450. The U.K reported Manufacturing PMI for April at 47.8 vs 46.6 expected. The United States will be reporting JOLTs Job Openings for March later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 02/05/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 02/05/2023

Support & Resistance Level Explanation
Resistance 2 1.2538 Daily R2
Resistance 1 1.2507 Daily R1
Support 1 1.2423 Daily S1
Support 2 1.2392 Daily S2

GBPUSD Indicator Table - 02/05/2023

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

GBPUSD Indicator / Period Table - 02/05/2023

Indicator / Period Day - SellWeek - BuyMonth - Sell
MACD( 12;26;9) Buy BuySell
RSI (14) Sell BuyNeutral
SMA 20 Sell BuySell

GBPUSD 02/05/2023 - Reference Price : 1.2465

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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