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Monday’s Technical Matrix 18th January 2021

Instrument

Hourly

Daily

GBP/USD

1.3563

STRONG SELL

NEUTRAL

EUR/USD

1.2078

SELL

STRONG SELL

FTSE 100

6,721

STRONG SELL

STRONG BUY

S&P 500

3,760

STRONG SELL

STRONG BUY

Gold

1,838

BUY

STRONG SELL

Silver

2,506

BUY

NEUTRAL

Crude Oil WTI

52.27

NEUTRAL

STRONG BUY

Bitcoin

35,101

STRONG SELL

BUY

UTC: 07.36

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.