CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 73.43% 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 all your money. Read full risk warning.

Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 29/08/2022

Fundamental analysis

29 August, 2022

The Pound dollar currency pair fell during the Asian session. The pair is trading at 1.1659. The U.K had no economic events scheduled to report. The United States reported print Michigan Consumer Sentiment for August at 58.2. The consensus was 55.1. The Core PCE Price Index Month-on-Month printed 0.1% vs 0.4% expected.

Technical analysis

Pound - US Dollar Analysis Technical analysis 29/08/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 29/08/2022

Support & Resistance Level Explanation
Resistance 2 1.1740 Daily R2
Resistance 1 1.1705 Daily R1
Support 1 1.1611 Daily S1
Support 2 1.1576 Daily S2

GBPUSD Indicator Table - 29/08/2022

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

GBPUSD Indicator / Period Table - 29/08/2022

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

GBPUSD 29/08/2022 - Reference Price : 1.1660

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