CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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. 73.43% 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.
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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 24/03/2025

Fundamental analysis

24 March, 2025

During European trading, the British Pound increased against the US Dollar, trading above 1.2960 levels.

The GBP/USD currency gained ground in the European trading session, as tariff uncertainty pressured the dollar lower and as better than expected PMI data came out of the UK. In the UK the Composite PMI data came out higher than expected (52.0 expected vs 50.3 realised). In the US, Manufacturing PMI for March (52.7 last month) and Services PMI for March (51 last month) will be released (13:45 GMT).

Technical analysis

Pound - US Dollar Analysis Technical analysis 24/03/2025
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 24/03/2025

Support & Resistance Level Explanation
Resistance 2 1.3011 Daily R2
Resistance 1 1.2990 Daily R1
Support 1 1.2934 Daily S1
Support 2 1.2913 Daily S2

GBPUSD Indicator Table - 24/03/2025

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

GBPUSD Indicator / Period Table - 24/03/2025

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

GBPUSD 24/03/2025 - Reference Price : 1.2960

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. You do not own, or have any interest in, the underlying assets. Fortrade Canada Limited is an Order Execution Only broker, and does not provide investment advice or recommendation. Fortrade is a member of the Canadian Investment Regulatory Organization (CIRO) and a member of the Canadian Investor Protection Fund (CIPF). Fortrade Canada Limited is authorised to provide CFD trading services in all provinces in Canada except Quebec. Residents of Alberta province are required to be Accredited Investors to trade CFDs.

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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73.43% 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. Fortrade Cyprus Ltd is regulated and supervised by the Cyprus Securities and Exchange Commission (CySEC) with CIF license number 385/20. CFD products may not be suitable for all clients, therefore ensure, that you understand the risks involved and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk.

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