Monday’s Technical Matrix 17th May 2021

Instrument

Hourly

Daily

GBP/USD

1.4118

Neutral

Strong Buy

EUR/USD

1.2145

Neutral

Strong Buy

FTSE 100

7,061

Strong Buy

Strong Buy

S&P 500

4,173

Strong Buy

Buy

Gold

1,853

Strong Buy

Strong Buy

Silver

2,770

Strong Buy

Strong Buy

Crude Oil WTI

65.44

Neutral

Strong Buy

Bitcoin

44,601

Sell

Strong Sell

UTC: 08.15

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.