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 02/10/2024

Fundamental analysis

02 October, 2024

During European trading, the British Pound increased against the US Dollar trading below 1.3300 levels.
The pound is rising at European lunchtime after yesterday’s falls which were triggered by safe haven demand for the dollar, alongside US data. In the UK Bank of England Member Pill will speak (15:00 GMT+1). In the United States, September’s ADP Nonfarm Employment (124k expected) will be released (13:15 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 02/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 02/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3359 Daily R2
Resistance 1 1.3328 Daily R1
Support 1 1.3242 Daily S1
Support 2 1.3211 Daily S2

GBPUSD Indicator Table - 02/10/2024

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

GBPUSD Indicator / Period Table - 02/10/2024

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

GBPUSD 02/10/2024 - Reference Price : 1.3282

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