Monday’s Technical Matrix 8th March 2021

Instrument

Hourly

Daily

GBP/USD

1.3828

Strong Sell

Sell

EUR/USD

1.1889

Strong Sell

Strong Sell

FTSE 100

6,656

Buy

Strong Buy

S&P 500

3,810

Strong Buy

Neutral

Gold

1,695

Strong Sell

Strong Sell

Silver

2,536

Strong Sell

Strong Sell

Crude Oil WTI

66.57

Neutral

STRONG BUY

Bitcoin

49,657

Sell

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.