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.

Pound - US Dollar Analysis

EU Session Analysis for CFD Instruments 01/10/2024

Fundamental analysis

01 October, 2024

During Asian trading, the British Pound was slightly higher against the US Dollar trading above 1.3300 levels.

The pound edged higher after hitting its highest level since February 2022 at the end of last week. In the UK Manufacturing PMI figures for September will be posted today (09:30 GMT+1) and are expected to record 51.5. In the United States, September’s Global US Manufacturing PMI (47.0 expected), ISM Manufacturing PMI (47.6 expected) and JOLT Job Openings data (7.640M) for August will be released (15:00 GMT+1).

Technical analysis

Pound - US Dollar Analysis Technical analysis 01/10/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 01/10/2024

Support & Resistance Level Explanation
Resistance 2 1.3443 Daily R2
Resistance 1 1.3414 Daily R1
Support 1 1.3338 Daily S1
Support 2 1.3310 Daily S2

GBPUSD Indicator Table - 01/10/2024

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

GBPUSD Indicator / Period Table - 01/10/2024

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Buy BuyBuy
SMA 20 Buy BuyBuy

GBPUSD 01/10/2024 - Reference Price : 1.3376

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