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 06/11/2024

Fundamental analysis

06 November, 2024

During European trading, the British Pound declined against the US Dollar trading below 1.2900 levels.

The pair dropped early in the session but pared some losses during the European session as the dollar strengthened. In the UK, Construction PMI data was 54.3 vs 55.3 exp. In the United States, many US Election results will be revealed today and 30 Year Bond Auction data will be posted (18:00 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 06/11/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 06/11/2024

Support & Resistance Level Explanation
Resistance 2 1.2955 Daily R2
Resistance 1 1.2942 Daily R1
Support 1 1.2840 Daily S1
Support 2 1.2809 Daily S2

GBPUSD Indicator Table - 06/11/2024

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

GBPUSD Indicator / Period Table - 06/11/2024

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

GBPUSD 06/11/2024 - Reference Price : 1.2881

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