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 24/03/2023

Fundamental analysis

24 March, 2023

The Pound fell sharply against the U.S Dollar today and is trading around 1.2212. The U.K reported Services PMI at 52.8 vs 53.0. Manufacturing PMI was reported at 48.0. The consensus was 50.0. Composite PMI was reported at 52.2 vs 52.7 expected. The United States Services and Manufacturing PMI will be reported later today. Core Durable Goods Orders Month-on-Month for February are also set to print.

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/03/2023
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/03/2023

Support & Resistance Level Explanation
Resistance 2 1.2284 Daily R2
Resistance 1 1.2252 Daily R1
Support 1 1.2168 Daily S1
Support 2 1.2134 Daily S2

GBPUSD Indicator Table - 24/03/2023

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

GBPUSD Indicator / Period Table - 24/03/2023

Indicator / Period Day - SellWeek - BuyMonth - Sell
MACD( 12;26;9) Buy BuySell
RSI (14) Sell BuyNeutral
SMA 20 Sell BuySell

GBPUSD 24/03/2023 - Reference Price : 1.2210

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