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Monday’s Technical Matrix 11th January 2021

Instrument

Hourly

Daily

GBP/USD

1.3495

STRONG SELL

SELL

EUR/USD

1.2199

STRONG SELL

SELL

FTSE 100

6,841

BUY

STRONG BUY

S&P 500

3,800

STRONG BUY

STRONG BUY

Gold

1,851

Neutral

STRONG SELL

Silver

2,510

Neutral

STRONG SELL

Crude Oil WTI

51.89

STRONG BUY

STRONG BUY

Bitcoin

35,365

SELL

BUY

UTC: 09.36

Our analysis is based on a comprehensive summary of market data. We use a range of metrics with weighting given to simple and exponential moving averages and key technical indicators.

Risk Statement: Trading Foreign Exchange on margin carries a high level of risk and may not be suitable for all investors. The possibility exists that you could lose more than your initial deposit. The high degree of leverage can work against you as well as for you.