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

EU Session Analysis for CFD Instruments 01/11/2023

Fundamental analysis

01 November, 2023

During Asian trading, the British Pound inched higher against the US Dollar and is trading at 1.2154. The UK reported Nationwide HPI Year-on-Year for October at -3.3% vs -4.8% expected. The United States will be reporting JOLTs Job Openings for September later today. The ISM Manufacturing PMI for October will also be reported. The Federal Reserve will also make an Interest Rate decision later today.

Technical analysis

Pound - US Dollar Analysis Technical analysis 01/11/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 01/11/2023

Support & Resistance Level Explanation
Resistance 2 1.21991 Daily R2
Resistance 1 1.21767 Daily R1
Support 1 1.21169 Daily S1
Support 2 1.20945 Daily S2

GBPUSD Indicator Table - 01/11/2023

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

GBPUSD Indicator / Period Table - 01/11/2023

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

GBPUSD 01/11/2023 - Reference Price : 1.21468

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