CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% 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. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Pound - US Dollar Analysis

US Session Analysis for CFD Instruments 29/02/2024

Fundamental analysis

29 February, 2024

During European trading, the British Pound edged higher against the US Dollar and is trading at 1.2660. In the UK no major data releases are scheduled today. In the United States Core PCE Price Index and Initial Jobless Claims data will be released this afternoon.

Technical analysis

Pound - US Dollar Analysis Technical analysis 29/02/2024
Time Frame: 1 hour

GBPUSD Support & Resistance Table - 29/02/2024

Support & Resistance Level Explanation
Resistance 2 1.2688 Daily R2
Resistance 1 1.2670 Daily R1
Support 1 1.2624 Daily S1
Support 2 1.2606 Daily S2

GBPUSD Indicator Table - 29/02/2024

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

GBPUSD Indicator / Period Table - 29/02/2024

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

GBPUSD 29/02/2024 - Reference Price : 1.2645

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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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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