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. 67.52% 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 07/03/2022

Fundamental analysis

07 March, 2022

The British Pound USD currency pair fell to 1.3211. The Pound dropped on Friday. The UK’s Construction PMI for February came in at 59.1. The United States Unemployment Rate for February printed 3.8%. The consensus was 3.8%. February NFP printed 678k vs 400k expected.

Technical analysis

Pound - US Dollar Analysis Technical analysis 07/03/2022
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 07/03/2022

Support & Resistance Level Explanation
Resistance 2 1.3295 Daily R2
Resistance 1 1.3258 Daily R1
Support 1 1.3160 Daily S1
Support 2 1.3124 Daily S2

GBPUSD Indicator Table - 07/03/2022

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

GBPUSD Indicator / Period Table - 07/03/2022

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

GBPUSD 07/03/2022 - Reference Price : 1.3214

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