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 06/03/2024

Fundamental analysis

06 March, 2024

During Asian trading, the British Pound inched higher against the US Dollar, trading at 1.2704. In the UK the Spring Forecast Statement will be released this morning. In the United States this afternoon Fed Chair Powell will testify to Congress , while ADP Nonfarm Employment data and Jolt Job Openings data will be released.

Technical analysis

Pound - US Dollar Analysis Technical analysis 06/03/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 06/03/2024

Support & Resistance Level Explanation
Resistance 2 1.2746 Daily R2
Resistance 1 1.2728 Daily R1
Support 1 1.2678 Daily S1
Support 2 1.2660 Daily S2

GBPUSD Indicator Table - 06/03/2024

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

GBPUSD Indicator / Period Table - 06/03/2024

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

GBPUSD 06/03/2024 - Reference Price : 1.2703

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