CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% 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 17/10/2024

Fundamental analysis

17 October, 2024

During European trading, the British Pound fell against the US Dollar trading below 1.3000 levels.

The pound dollar pair declined as the greenback continued to rise against a basket of other currencies. In the UK, Bank of England Deputy Governor Woods will speak (21:00 GMT+1). In the United States, Philadelphia Fed Manufacturing Index data for October (4.2 exp) will be posted and Retail Sales data for September (0.3% exp) will be released (13:30 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 17/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 17/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3039 Daily R2
Resistance 1 1.3020 Daily R1
Support 1 1.2968 Daily S1
Support 2 1.2949 Daily S2

GBPUSD Indicator Table - 17/10/2024

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

GBPUSD Indicator / Period Table - 17/10/2024

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

GBPUSD 17/10/2024 - Reference Price : 1.2997

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