UK100 (FTSE) is traded at 6820.2 at the time of writing, higher versus 6755.6 today’s low. It has jumped above the former high signaling strong bulls and more gains ahead. GBP’s aggressive drop registered today may help the UK100 stock index to resume its growth. The price action indicates an upside pressure after the latest […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: RangingFTSE 100 is in a sideways trend. The index has been trading below the resistance at level 6800. Since January 6, the resistance level has not been broken. On January 6, the bulls broke the resistance but the bullish momentum could […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishSince January, UKX’s upward move has been facing rejection at level 6800. On three occasions, the index was rejected and it fell to level 6500. Today, the market is still fluctuating above the 21-day SMA to retest level 6800 resistance. An […]
Key Support: 6660 Key Resistance: 6733 – 6760 The FTSE has been in an up move for the past 3 weeks rallying 5.40% from low to highs. From the highs of last week it has fallen -2.46% from high to low rejecting several times the 6660 level in the process. This down move has been […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is in an uptrend. Presently, the uptrend is facing resistance at level 6800. Since January 6, the upward move has been facing rejection from the recent high. Today, the price is falling after testing the resistance zone. The Share […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is in an uptrend. On March 3 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 and reverse. On March 9, the price action has […]
Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishFTSE 100 is in an uptrend but faces rejection at level 6800. In January and February, buyers have been repelled as they attempt to break above level 6800. At each resistance, the market will fall to level 6400. Today, UKX is […]
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 […]
