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. 73.43% 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

EU Session Analysis for CFD Instruments 07/11/2022

Fundamental analysis

07 November, 2022

The Pound dollar currency pair increased during the Asian session. The pair is trading at 1.130. The U.K reported Construction PMI for October at 53.2. The consensus was 50.5. The Halifax House Price Index Month-on-Month for October will also print. The United States printed the Unemployment Rate for October at 3.7%. The consensus was 3.5%. Nonfarm Payrolls for October were reported at 261k vs 200k expected.

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/11/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/11/2022

Support & Resistance Level Explanation
Resistance 2 1.1466 Daily R2
Resistance 1 1.1407 Daily R1
Support 1 1.1249 Daily S1
Support 2 1.1189 Daily S2

GBPUSD Indicator Table - 07/11/2022

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

GBPUSD Indicator / Period Table - 07/11/2022

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

GBPUSD 07/11/2022 - Reference Price : 1.1326

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