Monday’s Technical Matrix 24th May 2021

Instrument

Hourly

Daily

GBP/USD

1.4154

Buy

Strong Buy

EUR/USD

1.2192

Buy

Strong Buy

FTSE 100

7,038

Strong Buy

Strong Buy

S&P 500

4,167

Neutral

Strong Buy

Gold

1,881

Neutral

Strong Buy

Silver

2,768

Strong Buy

Strong Buy

Crude Oil WTI

64.17

Strong Buy

Neutral

Bitcoin

35,717

Strong Buy

Strong Sell

UTC:08:45

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.