FTSE 100 (UKX) Reaches the Overbought Region, May Resume Selling Pressure

21 October 2021 | Updated: 21 October 2021

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Ranging
FTSE 100 (UKX) has risen to the high of level 7223.11. The index is facing rejection at a recent high. The overhead resistance has not been broken since May. Presently, the index is falling as it faces rejection. Meanwhile, on September 27 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that UKX will rise to level 2.0 Fibonacci extension or level 7420.97.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX is at level 60 of the Relative Strength Index period 14. It indicates that the index is in the uptrend zone and it is above the centerline 50. It is also capable of rising on the upside. The 21-day and 50-day SMAs are sloping horizontally indicating the trend. The crypto’s price is above the moving averages which indicate a possible rise.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE 100 is in an uptrend. The index has broken above the moving averages to reach the high of $7,234. UKX retraces after the first rejection but it has risen to make another retest. Meanwhile, on October 18 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that UKX will rise to level 1.618 Fibonacci extension or level 7338.65.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. The market has reached the overbought region. Sellers are likely to emerge to push prices down. The index has been overbought since October 7.


General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) is facing rejection at the overhead resistance level. The index is likely to fall and resume the range-bound move below the overhead resistance. In previous price action, the bulls have not broken the overhead resistance at level 7200.


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FTSE 100 (UKX) Struggles Below Level 7200 Overhead Resistance, Uptrend Unlikely

13 October 2021 | Updated: 13 October 2021

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Ranging
FTSE 100 (UKX) is rising in a sideways trend. The market has risen to level 7146 as it faces rejection from the resistance zone. UKX has been trading below level 7200 overhead resistance. Since May, buyers are yet to breached the overhead resistance. The index had been fluctuating between levels 6900 and 7200.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX is at level 56 of the Relative Strength Index. It indicates that the market is in the downtrend zone and it is above the centerline 50. The 21-day and 50-day SMAs are sloping upward indicating the trend. The crypto’s price is above the moving averages which indicate a possible rise.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE 100 has broken above the moving averages. The uptrend is facing resistance at level 7150. The index has been repelled twice after two attempts at the resistance.
Meanwhile, on October 11 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that UKX will rise to level 1.272 Fibonacci extension or level 7192.83.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
UKX is above the 80% range of the daily stochastic. The market has reached the overbought region. However, the stochastic is sloping horizontally. The index is attempting to resume bullish momentum. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) has been trading in the bullish trend zone in October. The index has been in an upward move but the bulls are yet to break the overhead resistance. A break above overhead resistance will accelerate the upward move.


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FTSE 100 (UKX) Is in a Sideways Move as Bulls and Bears Reach Indecision

7 October 2021 | Updated: 7 October 2021

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Ranging
FTSE 100 (UKX) is in a range-bound move. For the past five months, buyers have failed to keep the price above level 7200 overhead resistance. Today, the bears have broken below the moving averages which may further sink the index. The index may resume downward correction if price fails to break above the moving averages.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX is at level 44 of the Relative Strength Index. It indicates that the market is in the downtrend zone and it is below the centerline 50. The 21-day and 50-day SMAs are sloping horizontally indicating the trend. The crypto’s price is below the moving averages which indicate a possible fall.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE 100 is in an upward move in a sideways trend. The index is trading below the moving averages suggesting that UKX may further decline. For the resumption of an uptrend, buyers have to sustain the price above the moving averages. Meanwhile, on September 23 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that UKX will rise to level 1.618 Fibonacci extension or level 7309.27 .

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
UKX is above the 25% range of the daily stochastic. However, the stochastic is sloping horizontally. The index is attempting to resume bullish momentum. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) is likely to be range-bound for a few days. The Fibonacci tool has indicated a possible rise to level 7309 but this will depend on buyers breaking the resistance at level 7200.

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FTSE 100 (UKX) Battles Resistance at Level 7131, Uptrend Is Likely

29 September 2021 | Updated: 29 September 2021

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
FTSE 100 (UKX) is an upward move. Today, buyers are struggling to break the resistance at level 7131. UKX will have an accelerated upward move if the current resistance is breached. Presently, the altcoin is facing resistance because UKX has reached the overbought region. Meanwhile, on September 23 uptrend; a retraced candle body tested the 50% Fibonacci retracement level. The retracement level indicates that UKX will rise to level 2.0 Fibonacci extension or level 7359.77.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX is at level 53 of the Relative Strength Index. It indicates that the market has reached the bullish trend zone and it is above the centerline 50. The 21-day and 50-day SMAs are sloping horizontally indicating the previous trend. The crypto’s price is above the moving averages which indicate a possible rise.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE 100 is in an upward move. The altcoin is facing initial resistance at the previous high. The crypto is likely to rise as it is above the moving averages. Meanwhile, on September 23 downtrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that UKX will rise to level 2.618 Fibonacci extension or level 7395.10.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
UKX is above the 80% range of the daily stochastic. Sellers are likely to emerge. It indicates that the index has reached the overbought region of the market. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) has resumed an uptrend. The uptrend is hampered by the resistance at level 7131. The uptrend will resume if the current is breached. Presently, the altcoin is retracing.

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FTSE 100 (UKX) Surges Ahead, May Break Above Level 7200

23 September 2021 | Updated: 23 September 2021


Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Bullish
Since September 21, FTSE 100 (UKX) has been making an upward move. The index has broken above the moving averages. UKX will rise to retest the overhead resistance at level 7200. A break above the overhead resistance will signal upside momentum. The range-bound move will commence if the overhead resistance remains unbroken.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX is at level 51 of the Relative Strength Index. It indicates that there is a balance between supply and demand. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend. The index price is above the 21-day and 50-day SMAs which indicates a possible rise of the index.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE 100 is in an upward move. The bullish momentum has broken above the moving averages as the index rally on the upside. Meanwhile, on September 23 downtrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that UKX will rise to level 1.618 Fibonacci extension or level 7230.86

UKX – 2 Hour Chart

4-hour Chart Indicators Reading
UKX is above the 80% range of the daily stochastic. It indicates the index has reached the overbought region of the market. The 21-day and 50-day SMAs are sloping downward indicating the downtrend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) has resumed upside momentum as price breaks above the moving averages. According to the Fibonacci tool analysis, UKX will rise to level 1.618 Fibonacci extension or level 7230.86.

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FTSE 100 (UKX) In a Downward Correction, Finds Support Above Level 7000

16 September 2021 | Updated: 16 September 2021

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Ranging
FTSE 100 (UKX) has fallen to the low of level 6998.00. The index price broke below the moving averages. The implication is that UKX will further decline. The downtrend was caused by the resistance at level 7200. Today, the UKX has resumed an upward move as the current support holds. FTSE 100 will resume an uptrend if buyers break above the moving averages. Since May, the overhead resistance at level 7200 has not been broken. A break above the overhead resistance will catapult the index to the high of level 7450. However, the range-bound move will continue, if the overhead resistance remains unbroken.

UKX – Daily Chart

Daily Chart Indicators Reading:
FTSE is at level 44 of the Relative Strength Index. UKX is in the downtrend zone and is capable of falling on the downside. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.

FTSE 100 (UKX) Medium-term Trend: Ranging
On the 4 hour chart, FTSE 100 is in a downward move. The index fell to level 7000 and resumed consolidation above it. The market is rising to reach the previous highs but it is facing rejection at the 21-day SMA. The market will resume upward if price breaks above the moving averages.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
The index has fallen above the 25% range of the daily stochastic. This implies that the market is in a bullish momentum. The index is expected to rise to the previous highs The 21-day and 50-day SMAs are sloping downward indicating the downtrend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) has been in a range-bound move for several moves. Buyers are yet to breach the overhead resistance at level 7200. The market will continue to be range-bound except the overhead resistance is breached.


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FTSE 100 (UKX) Consolidates Above Level 7000, May Resume Uptrend

9 September 2021 | Updated: 9 September 2021

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Ranging
FTSE 100 (UKX) has been in a range-bound move for the past four months. Buyers have failed to push UKX above level 7200 resistance. For the past three days, the index has been falling after rejection from the 7200 resistance zone. The index will resume upward after UKX has fallen to either level 6860 or 6980. This has been the price action since May. In the meantime, the market is falling to the previous low at level 6980.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX is at level 40 of the Relative Strength Index. It indicates that the market is in the downtrend zone and it is capable of falling on the downside. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend. The price has broken below the moving averages which suggest that selling pressure may continue on the downside.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE 100 is in a downward move. The index has faced rejection twice at the recent high as the altcoins fell to the low above level 7000. The bulls are defending level 7000 as UKX resumes upward. Meanwhile, on the September 8 downtrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that UKX will fall to level 1.618 Fibonacci extension or level 6983.73.08. From the price action, the index fell to level 7006.73 and resumed upward. The market is expected to rise.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
The index has fallen below the 20% range of the daily stochastic.
This implies that the market has reached the oversold region. We expect buyers to emerge in the oversold region of the market. The 21-day and 50-day SMAs are sloping downward indicating the downtrend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) is in a sideways move. Presently, the UKX is likely to rise upward as the index looks oversold. A further downward move is unlikely.


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FTSE 100 (UKX) Is in a Sideways Move, Battles the Resistance at Level 7151

2 September 2021 | Updated: 2 September 2021

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Ranging
FTSE 100 (UKX) is in an upward move. The index is making a fresh uptrend. The uptrend is presently facing resistance at the high of level 7151. The upward move has been terminated as the market resumes a sideways move. The uptrend will resume if the price breaks the resistance at level 7151. Meanwhile, on the September 1 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that UKX will rise to level 1.618 Fibonacci extension or level 7283.32. The index will reach that level if the resistance is breached.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX is at level 53 of the Relative Strength Index. It indicates that the market is in the uptrend zone and above the centerline 50. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE 100 is rising but the uptrend has been interrupted. The market has resumed a sideways move. Meanwhile, on the September 1 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that UKX will rise to level 1.618 Fibonacci extension or level 7232.08. The market will rise to the Fibonacci extension if the current resistance is breached.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 40% range of the daily stochastic. The stochastic bands are sloping horizontally as the bullish momentum dries down. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.


General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) is in a sideways move. UKX will resume an upward move if the resistance at level 7151 is breached. Since June, the index has been in a sideways trend.


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FTSE 100 (UKX) Is in an Uptrend, May Face Rejection at Level 7200

26 August 2021 | Updated: 26 August 2021

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Ranging
FTSE 100 (UKX) is in an upward move.
The uptrend was stalled at level 7220. Since May, the overhead resistance at level 7200 has not been broken. Today, buyers are pushing to retest the same overhead resistance level. A break above the resistance level will accelerate price movement on the upside. Meanwhile, on the August 12 uptrend, a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that UKX will rise to level 1.618 Fibonacci extension or level 7454.17.

UKX – Daily Chart

Daily Chart Indicators Reading:
FTSE 100 is at level 54 of the Relative Strength Index. UKX is in the bullish trend zone and above the centerline 50. UKX is in the uptrend zone and capable of rising on the upside. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.


FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4 hour chart, FTSE is resuming upward. Buyers pushed above level 7200 but cannot sustain the bullish momentum. Consequently, the index plunged sharply downward. Meanwhile, on August 23 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement level. The retracement indicates that UKX will rise to level 1.618 Fibonacci extension or level 7240.41.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 80% range of the daily stochastic. The index has risen to the overbought region. The upward move is doubtful. The market is in a bullish momentum. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) upward is unlikely as the market reaches the overbought region. UKX has already reached the high of level 7148 which is below the overhead resistance. There is a possibility of the index facing rejection at level 7200.


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FTSE 100 (UKX) In Solitary Confinement, Struggles Below Level 7200

19 August 2021 | Updated: 19 August 2021

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend: Ranging
FTSE 100 (UKX) is in an upward move as price tested level 7200 overhead resistance. Since August 12, the uptrend has been stalled below the resistance. The index has retraced to level 7120. Presently, the index is fluctuating levels 7120 and 7200. A breakout will signal the resumption of an uptrend. Meanwhile, on August 12, a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement indicates that UKX will rise but reverse at level 1.272 Fibonacci extension or level 7325.56.

UKX – Daily Chart

Daily Chart Indicators Reading:
UKX is at level 56 of the Relative Strength Index. The index is in the bullish trend zone and above the centerline 50. UKX is in the uptrend zone and capable of rising on the upside. The 21-day and 50-day SMAs are sloping horizontally indicating the sideways trend.


FTSE 100 (UKX) Medium-term Trend: Ranging
On the 4 hour chart, FTSE is in a sideways move below level 7200 overhead resistance. The index tested the resistance and resumed the sideways move. On August 16, buyers could not sustain the bullish momentum above the overhead resistance. The index has continued the sideways move.

UKX – 4 Hour Chart

4-hour Chart Indicators Reading
The index is above the 50% range of the daily stochastic. The market is in a bullish momentum. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) has resumed the range-bound move after the failure of bulls to breach the overhead resistance level. The price action is now characterized by small body indecisive candlesticks. The candlesticks are describing that buyers and sellers are undecided about the direction of the market.

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