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.
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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 29/10/2024

Fundamental analysis

29 October, 2024

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

The Pound Sterling pair traded cautiously higher ahead of the Autumn Forecast Statement, which will be unveiled on Wednesday. In the UK, Consumer Credit data for September will be released (09:30 GMT) today. In the United States, CB Consumer Confidence for October (99.2 exp) and JOLTS Job Openings for September (7.920 mln exp) will be revealed (14:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 29/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 29/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3035 Daily R2
Resistance 1 1.3015 Daily R1
Support 1 1.2961 Daily S1
Support 2 1.2941 Daily S2

GBPUSD Indicator Table - 29/10/2024

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

GBPUSD Indicator / Period Table - 29/10/2024

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

GBPUSD 29/10/2024 - Reference Price : 1.2986

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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