Monday’s Technical Matrix 4th March 2021

Instrument

Hourly

Daily

GBP/USD

1.3936

STRONG SELL

BUY

EUR/USD

1.2038

STRONG Sell

Strong Sell

FTSE 100

6,598

Neutral

Neutral

S&P 500

3,852

STRONG SELL

STRONG BUY

Gold

1,747

Neutral

Strong SELL

Silver

2,678

Neutral

Sell

Crude Oil WTI

62.40

Neutral

STRONG BUY

Bitcoin

47,165

Neutral

BUY

UTC: 10.15

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.