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 13/03/2024

Fundamental analysis

13 March, 2024

During Asian trading, the British Pound inched higher against the US Dollar, trading just below 1.2800 levels. The United Kingdom will be posting its Month-on-Month GDP data later today with an expected growth of 0.2%. Yesterday, the United States printed its CPI figures which showed a stronger than expected increase of 3.2% vs the expected 3.1% level.

Technical analysis

Pound - US Dollar Analysis Technical analysis 13/03/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 13/03/2024

Support & Resistance Level Explanation
Resistance 2 1.2848 Daily R2
Resistance 1 1.2824 Daily R1
Support 1 1.2760 Daily S1
Support 2 1.2736 Daily S2

GBPUSD Indicator Table - 13/03/2024

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

GBPUSD Indicator / Period Table - 13/03/2024

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

GBPUSD 13/03/2024 - Reference Price : 1.2791

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