FTSE 100 Retraces Above 7420 as It Targets the High of 7668.00

Updated:

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is in an uptrend as it targets the high of 7668.00. Further upsides are possible as the index approaches the overbought region of the market.UKX is likely to rise to retest the overhead resistance at level 7600. Buyers are […]

FTSE 100 Revisits the Overbought Region as It Approaches the High of 7423.42

Updated:

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is in a sideways trend as it approaches the high of 7423.42. The index price has broken above the moving average lines. Buyers  intend to push UKX to retest the overhead resistance at level 7600. Since January 2022, FTSE […]

FTSE100 Continues Sideways Move as It Struggles Below Level 7300 High

Updated:

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 (UKX) price has been in a sideways trend as it struggles below level 7300 high. Since June 16, UKX has been trading in a confined range between levels 7000 and 7300 price levels. On July 19, the bulls attempted […]

FTSE100 Is in a Downward Correction but Struggles Below 7200

Updated:

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 (UKX) price is in a downward correction but struggles below 7200. Since June 28, buyers have had the intention of keeping the price above the moving average lines but could not. Nonetheless, the downtrend has subsided as bulls broke […]

FTSE100 Is In A Sideways Move As It Declines To Level 6998 Low

Updated:

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 (UKX) price is in a sideways trend but as it declines to level 6998 Low. The index price has fallen below the moving averages. UKX has fallen to level 7143  below-moving averages. The market is expected to decline to […]

FTSE100 Reaches Oversold Region as It May Reverse at 6999.77

Updated:

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 (UKX) price is in a downtrend as it may reverse at 6999.77. The index has declined to the low of level 7044 as it approaches the previous low of level 6787.00. Meanwhile, on June 14 downtrend; a retraced candle […]

FTSE100 Declines to the Oversold Region as It Faces Rejection at 7630

Updated:

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingGenerally, FTSE 100 (UKX) price is in a sideways move as it faces rejection at 7630. The index formed a bearish double top on May 31 and June 6 which led to the current decline. Today, the bears have broken below […]

FTSE100 Declines as It Is Unable to Sustain above Level 7600

Updated:

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend:BullishFTSE 100 (UKX) price is in an upward move but unable to sustain above level 7600. Today, it is retracing as the index reaches the overbought region of the market. On the downside, if Ether retraces above the moving averages, the uptrend […]

FTSE100 Resumes Uptrend as It Targets Level 7568 High

Updated:

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend:BullishFTSE 100 (UKX) price is in an upward move as it targets level 7568 high. The bulls have broken above the moving averages to reach the high of level 7543. Since January, the index has not traded above level 7600 overhead resistance. […]

FTSE100 Is in a Sideways Trend as It Faces Rejection at 7538

Updated:

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 (UKX) price has been in sideways move as it faces rejection at 7538. Since January 17, Buyers have failed to keep the price above level 7600 overhead resistance. Since April 8 rejection, UKX has been falling as price made […]