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

EU Session Analysis for CFD Instruments 12/03/2021

Fundamental analysis

12 March, 2021

The British Pound USD currency pair inched lower to 1.3974 during the Asian session. The Pound climbed higher in a steady fashion on Thursday. The UK RICS House Price Balance for February printed at 52%. Initial Jobless Claims in the United States for the past week came in at 712,000. Analysts had been expecting 725,000.

Technical analysis

Pound - US Dollar Analysis Technical analysis 12/03/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 12/03/2021

Support & Resistance Level Explanation
Resistance 2 1.4016 Daily R2
Resistance 1 1.3987 Daily R1
Support 1 1.3910 Daily S1
Support 2 1.3882 Daily S2

GBPUSD Indicator Table - 12/03/2021

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

GBPUSD Indicator / Period Table - 12/03/2021

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

GBPUSD 12/03/2021 - Reference Price : 1.3948

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