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 05/03/2024

Fundamental analysis

05 March, 2024

During Asian trading, the British Pound edged lower against the US Dollar, trading at 1.2684. In the UK no major data releases are scheduled today. In the United States ISM Non Manufacturing data and Global Services PMI will be released this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 05/03/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 05/03/2024

Support & Resistance Level Explanation
Resistance 2 1.2715 Daily R2
Resistance 1 1.2698 Daily R1
Support 1 1.2652 Daily S1
Support 2 1.2635 Daily S2

GBPUSD Indicator Table - 05/03/2024

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 - 05/03/2024

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

GBPUSD 05/03/2024 - Reference Price : 1.2676

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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