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.

Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 01/10/2024

Fundamental analysis

01 October, 2024

During European trading, the British Pound declined against the US Dollar trading above 1.3300 levels.

The pound is trading lower at European lunchtime as the pair turned around following the greenback’s sharp move higher so far today.In the UK Manufacturing PMI figures for September came in on target to record 51.5. In the United States, September’s Global US Manufacturing PMI (47.0 expected), ISM Manufacturing PMI (47.6 expected) and JOLT Job Openings data (7.640M) for August will be released (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 01/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 01/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3381 Daily R2
Resistance 1 1.3353 Daily R1
Support 1 1.3277 Daily S1
Support 2 1.3249 Daily S2

GBPUSD Indicator Table - 01/10/2024

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

GBPUSD Indicator / Period Table - 01/10/2024

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

GBPUSD 01/10/2024 - Reference Price : 1.3313

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