FTSE 100 Creates New All-Time High

Market Analysis – July 11

FTSE 100 initiated a strong bullish trend at the beginning of Q2. In April, the price rallied from the demand level at 7537.0 after a sharp decline that targeted deep liquidity zones around 8111.0 and 7537.0. This downward movement acted as a liquidity grab, triggering a powerful surge that led the market to surpass the previous all-time high of 8913.0.

FTSE Key Levels

Demand Levels: 8702.0, 8111.0, 7537.0
Supply Levels: 8913.0, 9500.0, 10000.0

FTSE Long-Term Trend: Bullish

The Hull Butterfly Oscillator showed that the market was oversold at 7537.0 during the crash, signaling a key buying opportunity. This was followed by a strong bullish reversal, characterized by a consistent series of higher highs and higher lows as the price climbed toward the previous all-time high of 8913.0.

After touching 8913.0, bullish momentum briefly faded, leading to a swing high and a moderate pullback. However, the market regained support at 8702.0—another key demand level—where buyers stepped back in with strong conviction. This renewed momentum drove the price to a new all-time high of 9000.0, providing a key reference point for forex signals traders watching for further bullish continuation.

FTSE Long-Term Trend: Bullish

The dominant trend remains clearly bullish. The market is currently in a retracement phase, moving toward a bullish order block that may serve as a springboard for continued upward movement. With bullish sentiment still intact, the psychological resistance at 10000.0 stands out as the next major target for buyers.

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