Weekly Technical Matrix – 20210802

Instrument

Hourly

Daily

GBP/USD

1.3926

Strong Buy

Strong Buy

EUR/USD

1.1886

Strong Buy

Buy

FTSE 100

7,104

Strong Buy

Strong Buy

S&P 500

4,423

Strong Sell

Strong Buy

Gold

1,809

Strong Sell

Sell

Silver

2,547

Strong Buy

Neutral

Crude Oil WTI

72.70

Strong Sell

Buy

Bitcoin

39,975

Sell

Buy

UTC 10:04

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.