Monday’s Technical Matrix 03rd May 2021

Instrument

Hourly

Daily

GBP/USD

1.3806

Strong Sell

Strong Sell

EUR/USD

1.2010

Strong Sell

Neutral

FTSE 100

6,961

Sell

Strong Buy

S&P 500

4,189

Strong Sell

Strong Buy

Gold

1,773

Strong Buy

Strong Buy

Silver

2,590

Strong Sell

Neutral

Crude Oil WTI

63.14

Strong Sell

Strong Buy

Bitcoin

52,908

Buy

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.