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Traders Update – Equity market metrics suggest it’s too early to sell and too late to buy

Equity market metrics suggest it’s too early to sell and too late to buy. The currency markets are offering stronger signals and dollar weakness is also feeding through to the precious metal markets.

As long as Bitcoin trades above the $10,280 support level it too could show strength.

Instrument

Hourly

Daily

GBP/USD

1.2950

Strong Buy

Sell

EUR/USD

1.1870

Strong Buy

Strong Buy

FTSE 100

6,095

Strong Buy

Strong Buy

S&P 500

3,405

Neutral

Neutral

Gold

1,978

Strong Buy

Strong Buy

Silver

27.55

Strong Buy

Strong Buy

Crude Oil WTI

39.20

Strong Buy

Strong Sell

Bitcoin

10,853

Buy

Strong Buy

 

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.