FTSE 100 Analysis – January 22 FTSE 100 trend indicates a strong bullish momentum. The Relative Strength Index (RSI) is at 72.48, reflecting overbought conditions, which are common in strong bullish trends. The Fibonacci retracement levels show critical support, particularly at $8050 (61.8%) and $8130 (50%), while the price remains above these levels, indicating sustained […]
Market Analysis – January 17 The FTSE 100 has finally breached the critical supply zone at 8396.0. This level had previously resisted price advances on four separate occasions. The breakout, driven by the Three White Soldiers candlestick pattern, has established a new all-time high at 8491.0, highlighting the index’s bullish momentum. This development has significant […]
Market Analysis – January 13 The FTSE 100 has shown increased dynamism as the market range widens on the daily chart. Support at 8022.0 and resistance at 8396.0 have demonstrated remarkable sensitivity, leading to reversals with each test. This behavior creates opportunities for trend-based trading on lower timeframes. FTSE100 Key Levels Resistance Levels: $8372.0, $8474.0Support […]
Market Analysis – January 1 The FTSE 100 index has expanded its consolidation range, showing bullish reversals at the lower demand level of 8022.0. This movement signals the potential for a stronger trend in the lower timeframes. Recently, the market experienced a bullish surge from the 8022.0 level, suggesting a structural shift to the upside […]
USDCHF Buyers Continue to Advance USDCHF buyers are targeting the 0.9060 key level, supported by sustained bullish momentum. For over three months, buyers have displayed remarkable persistence, driving the market higher. USDCHF Key Levels Resistance Levels: 0.9060, 0.92000Support Levels: 0.90000, 0.88740The bullish trend in USDCHF began in September after a breakout from consolidation. In November, […]
Market Analysis – December 24 The FTSE 100 remains in a long-term downward trend, although a bullish retracement has emerged. Since testing the critical demand level of 8022.0 on the daily chart, the index has demonstrated notable price gains, reflecting short-term bullish momentum within a bearish structure. FTSE 100 Key Levels Demand Levels: 8022.0, 7918.0, […]
FTSE 100 index ended the trading session on a positive note, rising 34.27 points or 0.42% to close at 8,136.99. This festive boost came amid subdued market activity as London’s markets wrapped up early for the Christmas holiday. A Rise Amid Mixed Sector Performance The FTSE 100 overcame challenges from the housing sector, with major […]
Market Analysis – December 18 The FTSE 100 index hit a significant low in early October 2023, setting the foundation for a strong bullish trend. Following this recovery, the index climbed to a pivotal high at 7928.10, which became a critical reference point. However, this upward momentum was soon followed by an extended consolidation phase […]
Market Analysis – December 11 The FTSE 100 index, following its consolidation from June through October, displayed a notable bearish structure before shifting into a bullish trend. This change in market dynamics initiated a price rally that recently tested the critical resistance zone at 8406.0, prompting a corrective pullback. Despite the retracement, the broader market […]
