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Monday’s Technical Matrix 22nd February 2021

Instrument

Hourly

Daily

GBP/USD

1.3982

STRONG SELL

STRONG BUY

EUR/USD

1.2105

STRONG BUY

BUY

FTSE 100

6,586

SELL

BUY

S&P 500

3,879

STRONG SELL

STRONG BUY

Gold

1,791

STRONG BUY

SELL

Silver

2,739

Neutral

STRONG BUY

Crude Oil WTI

59.67

Neutral

STRONG BUY

Bitcoin

56,295

SELL

STRONG BUY

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.