Monday’s Technical Matrix 31st May 2021

Instrument

Hourly

Daily

GBP/USD

1.4190

Strong Buy

Strong Buy

EUR/USD

1.2198

Strong Buy

Strong Buy

FTSE 100

7,003

Neutral

Strong Buy

S&P 500

4,207

Neutral

Strong Buy

Gold

1,905

Strong Buy

Strong Buy

Silver

2,796

Strong Buy

Strong Buy

Crude Oil WTI

66.65

Strong Buy

Strong Buy

Bitcoin

34,503

Strong Sell

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.