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 25/10/2024

Fundamental analysis

25 October, 2024

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

The Pound Sterling built upon yesterday’s gains in the European session after a Bank of England official yesterday suggested that inflation needs to decline further for more rate cuts. In the UK, there were no major data releases today. In the United States, Durable Goods Orders data for September (-1.1 exp) will be revealed (13:30 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 25/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 25/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3033 Daily R2
Resistance 1 1.3011 Daily R1
Support 1 1.2951 Daily S1
Support 2 1.2929 Daily S2

GBPUSD Indicator Table - 25/10/2024

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

GBPUSD Indicator / Period Table - 25/10/2024

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

GBPUSD 25/10/2024 - Reference Price : 1.2981

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