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. 70.41% 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 20/03/2024

Fundamental analysis

20 March, 2024

During Asian trading, the British Pound was steady against the US Dollar, trading around 1.2700 levels.

The United Kingdom is expected to release its CPI data for the month of February later today. Later today, the Federal Reserve of the United States will convene to make its decision on interest rates.

Technical analysis

Pound - US Dollar Analysis Technical analysis 20/03/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 20/03/2024

Support & Resistance Level Explanation
Resistance 2 1.2754 Daily R2
Resistance 1 1.2738 Daily R1
Support 1 1.2698 Daily S1
Support 2 1.2682 Daily S2

GBPUSD Indicator Table - 20/03/2024

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

GBPUSD Indicator / Period Table - 20/03/2024

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

GBPUSD 20/03/2024 - Reference Price : 1.2716

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