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 11/10/2024

Fundamental analysis

11 October, 2024

During European trading, the British Pound grew against the US Dollar trading above 1.3000 levels.

The pound dollar traded higher after the publication of a slew of mostly disappointing data. In the UK, GDP data for August was 1% vs 1.4% expected, Industrial Production was -1.6% vs -0.5% exp and Manufacturing Production was -0.3% vs -0.4% exp. In the United States, Producer Price Index data for September (1.6% expected) will be published (13:30 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 11/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 11/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3114 Daily R2
Resistance 1 1.3093 Daily R1
Support 1 1.3037 Daily S1
Support 2 1.3016 Daily S2

GBPUSD Indicator Table - 11/10/2024

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

GBPUSD Indicator / Period Table - 11/10/2024

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

GBPUSD 11/10/2024 - Reference Price : 1.3061

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