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Monday’s Technical Matrix 1st February 2021

Instrument

Hourly

Daily

GBP/USD

1.3734

STRONG BUY

STRONG BUY

EUR/USD

1.2123

STRONG SELL

NEUTRAL

FTSE 100

6,431

STRONG SELL

STRONG SELL

S&P 500

3,731

STRONG SELL

STRONG SELL

Gold

1,861

STRONG BUY

STRONG BUY

Silver

2,881

STRONG BUY

STRONG BUY

Crude Oil WTI

52.49

STRONG BUY

NEUTRAL

Bitcoin

33,516

BUY

STRONG BUY

UTC: 08.12

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.