CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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. 70.91% 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

US Session Analysis for CFD Instruments 05/03/2021

Fundamental analysis

05 March, 2021

The British Pound tumbled on Friday. It is presently 1.37986. The UK’s Halifax House Price Index dropped 0.1%, Month-over-Month. Analysts were expecting an increase of 0.3%. The United States will release unemployment data for February this afternoon. Rising treasury yields in the United States are powering the Greenback higher against most currencies.

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/03/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/03/2021

Support & Resistance Level Explanation
Resistance 2 1.39034 Daily R2
Resistance 1 1.38693 Daily R1
Support 1 1.37783 Daily S1
Support 2 1.37442 Daily S2

GBPUSD Indicator Table - 05/03/2021

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

GBPUSD Indicator / Period Table - 05/03/2021

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

GBPUSD 05/03/2021 - Reference Price : 1.38238

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