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Monday’s Technical Matrix 8th February 2021

Instrument

Hourly

Daily

GBP/USD

1.3733

BUY

STRONG BUY

EUR/USD

1.2045

STRONG BUY

STRONG SELL

FTSE 100

6,503

BUY

STRONG SELL

S&P 500

3,898

STRONG BUY

STRONG BUY

Gold

1,811

STRONG SELL

STRONG SELL

Silver

2,701

STRONG BUY

NEUTRAL

Crude Oil WTI

57.39

STRONG BUY

STRONG BUY

Bitcoin

39,276

BUY

STRONG BUY

UTC: 09.12

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.