Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is making an upward move. The bulls have attempted to break the resistance at level 6800. Each time the UKX retests the recent high, the price will fall. Since January, the market has been in a range-bound move below […]
Key Support: 6560 – 6495 Key Resistance: 6710 – 6800 – 6900 Long Term View The FTSE opened and dip to retest the previous key level, monthly pivot and bullish structure. This rejection is key to our long idea. 4H Analysis The previous key level around the 6570 was the level capping the upside in […]
Key Support: 6585 – 6500 Key Resistance: 6715 – 6950 Long term view After 95 days of trading inside of a very choppy range the FTSE broke last Friday with a mid-term bullish flag. We couldn´t catch the first impulse since the breakout occurred late on Friday. On Sunday the FTSE opened higher and never […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 has continued the downward move. The share was resisted at level 6800 as price resumes a downward move. The downward movement will be accelerated if price breaks below level 6600 or the SMAs. The upward move will resume if […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 has continued the downward move. On January 29 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement level indicates that the share is likely to fall to level 1.272 Fibonacci extension and reverse. That is […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 has fallen to level 6407.50 after breaking below the moving averages. In such a breakdown, the downtrend is likely to continue on the downside. At other times, the market will pullback and resume upward. In a similar price action […]
The FTSE has pullback 50% from the last leg up to retest the previous highs and the 6600 level which has been rejected. We are still trading inside of an immediate bearish structure but the bullish divergence detected points at the selling pressure drying up. Validation level: 6699 Invalidation level: 6600 Broker Benefits Min Deposit […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is retracing after rejection from the recent high. The price breaks below level 6800 and falls. After a retest at level 6800 high, the downward move resumes. The downward move is likely to continue as there was rejection at […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is retracing after rejection from the recent high. The share has retraced to level 6735.70. There is a likelihood of further downward move. The RSI is in the uptrend zone at level 58. UKX is likely to retrace to […]
