Monday’s Technical Matrix 4th January 2021

Instrument

Hourly

Daily

GBP/USD

1.3693

STRONG BUY

STRONG BUY

EUR/USD

1.2265

STRONG BUY

STRONG BUY

FTSE 100

6,538

STRONG SELL

SELL

S&P 500

3,769

STRONG BUY

STRONG BUY

Gold

1,923

STRONG BUY

STRONG BUY

Silver

2,709

STRONG BUY

STRONG BUY

Crude Oil WTI

49.55

STRONG BUY

STRONG BUY

Bitcoin

32,339

SELL

BUY´╗┐

UTC: 08.35

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.