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Monday’s Technical Matrix 16th November 2020

Instrument

Hourly

Daily

GBP/USD

1.2898

STRONG BUY

STRONG BUY

EUR/USD

1.1630

STRONG BUY

STRONG BUY

FTSE 100

5,571

Neutral

STRONG BUY

S&P 500

3,281

STRONG BUY

STRONG BUY

Gold

1,883

SELL

Neutral

Silver

2,394

STRONG BUY

STRONG BUY

Crude Oil WTI

34.50

STRONG BUY

STRONG BUY

Bitcoin

13,733

BUY

BUY´╗┐

UTC: 7.42

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.