FTSE 100 Continues to Trade Sideways

Market Analysis – October 10

The FTSE 100 index remains locked in a sideways trading pattern, with bulls and bears in a prolonged stalemate. The index fluctuates between the established boundaries of 8318.0 and 8172.0, as neither buyers nor sellers have gained sustained control, leading to repetitive back-and-forth movements.

FTSE 100 Key Levels

Demand Levels: 8500.0, 8406.0, 8318.0
Supply Levels: 8173.0, 7900.0, 7800.0

FTSE 100 Long-Term Trend: Ranging

Since June, the FTSE 100 index has shown significant indecisiveness, remaining confined within a well-defined trading range. The price action continues to move randomly, indicating the absence of a clear directional bias. The Bollinger Bands illustrate this ongoing sideways motion, with continuous testing of both the upper and lower bands. This consistent contact highlights overbought and oversold levels, providing insights into the strength of both demand and supply within the range.

The stagnant outlook is further confirmed by the Hull Butterfly indicator, which shows no directional preference as the oscillator remains flat at 0.0. This neutral reading indicates a lack of momentum for both uptrends and downtrends. In such market conditions, trading becomes challenging, as stopouts increase due to the lack of strong price direction, even with guidance from forex signals.

FTSE 100 Short-Term Trend: Ranging

On the four-hour chart, recent price action shows the FTSE 100 index sliding toward the support boundary following a bearish shift in market structure at 8318.0. This downward move may be limited, as the support level is nearby, potentially slowing further declines.

While price action in a ranging market typically disregards premium and discount levels, strict risk management allows for opportunities by trading from the range’s borders toward the midpoint. Caution is essential in this range-bound market, as the lack of clear direction demands disciplined entries and exits.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.