CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 18/03/2021

Fundamental analysis

18 March, 2021

The British Pound USD currency pair edged lower to 1.3956 during the Asian session. The Pound slipped slightly lower on Wednesday. The UK’s economic calendar was empty. The United States posted Building Permits and Housing Starts for February. Both came in less than expected at 1.682 million and 1.421 million. Most currency pairs were quiet ahead of U.S. Fed Chairman Powell’s press conference that was scheduled for the European evening.

Technical analysis

Pound - US Dollar Analysis Technical analysis 18/03/2021
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 18/03/2021

Support & Resistance Level Explanation
Resistance 2 1.4062 Daily R2
Resistance 1 1.4030 Daily R1
Support 1 1.3944 Daily S1
Support 2 1.3912 Daily S2

GBPUSD Indicator Table - 18/03/2021

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

GBPUSD Indicator / Period Table - 18/03/2021

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

GBPUSD 18/03/2021 - Reference Price : 1.3992

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