Monday’s Technical Matrix 7th December 2020

Instrument

Hourly

Daily

GBP/USD

1.3268

STRONG SELL

NEUTRAL

EUR/USD

1.2108

STRONG SELL

STRONG BUY

FTSE 100

6,577

STRONG BUY

STRONG BUY

S&P 500

3,685

STRONG BUY

STRONG BUY

Gold

1,830

STRONG SELL

NEUTRAL

Silver

2,375

STRONG SELL

NEUTRAL

Crude Oil WTI

45.86

STRONG SELL

STRONG BUY

Bitcoin

19,131

BUY

BUY´╗┐

UTC: 13.02

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.