FTSE100 Analysis – June 19 FTSE100 shows signs of a trend reversal to the downside. The market appears to be in a distribution phase as buying momentum fails to increase. The Moving Average Convergence Divergence (MACD) indicator also reflects bearish sentiment, as the MACD line has crossed below the signal line, with the histogram showing […]
Market Analysis – June 14 The FTSE 100 appears poised for a bearish reversal as it struggles to maintain its upward trajectory. The index recently dipped into the demand zone at 8120.0 but failed to rise to the significant high of 8400.0. A second retest of this demand zone has weakened it, increasing the likelihood […]
Market Analysis – June 10 The FTSE 100 index has retraced to the bullish order block on the daily chart. This pullback is also retesting the bullish trendline for the third time, offering robust support for a potential upward movement. The current price is at a discount within the prevailing bullish swing, presenting traders with […]
Market Analysis – May 28 The FTSE 100 index is experiencing a retracement from the recent resistance level of 8500.0, directing attention toward a bullish order block at the 8120.0 demand level. This zone is gaining prominence as a significant Point of Interest (POI) for the best forex signals telegram communities seeking confirmatory cues for […]
FTSE 100 Market Analysis – May 23, 2024 The FTSE 100 experienced a successful breakout in early May, followed by a retest that propelled the price to 8400.0. However, the current small-sized candlestick formation is indicating a significant decline in bullish momentum. The market appears poised for a retracement to seek support. FTSE 100 Key […]
Market Analysis – May 15 FTSE 100 bullish trend has remained very consistent since April. The Average Directional Index (ADX) has reached 40, revealing a strong trend. The coast appears clear to ride the bullish wave even as the Bull and Bear power indicator reveals the complete domination of the buyers at this season. FTSE […]
Market Analysis – May 9 The FTSE 100 index has witnessed a robust surge in bullish momentum, firmly asserting its dominance within the market landscape. Following the recent FTSE 100 bullish order block at 8122.0, the index has surged to 8345.0, exhibiting a notable ascent without displaying any discernible indications of a reversal. Consequently, setting […]
Market Analysis – April 30 The FTSE100 index has demonstrated noteworthy upward momentum throughout the year, marked by a consistent surge in value since January. Initial market dynamics were characterized by seller dominance, evident in the Bear power indicator exhibiting a red hue below the zero mark during early January, concomitant with a decline in […]
London’s leading stock index, the FTSE 100, held onto its gains following a record-setting week, with Monday’s trading continuing the market’s upward trajectory to reach new all-time highs. Strong performances from mining and financial services stocks pushed the FTSE 100 up by 7.2 points, or 0.09%, closing the day at 8,147.03 and marking another record […]
