FTSE 100 Exhibits Waning Strength as Downside Forces Take Control

FTSE 100 Analysis – September 24

FTSE 100 exhibits waning strength as downside forces take control. The index is showing clear vulnerability after stalling beneath the $9,350 resistance ceiling. Price action has slipped under the 9-day Simple Moving Average near $9,230, reflecting a shift where selling pressure is outweighing the recent phase of sideways accumulation. The MACD histogram has also crossed into negative territory, signaling weakening momentum and declining buyer participation. Together, these indicators depict a market environment leaning toward deterioration.

FTSE 100 Key Levels

Resistance Levels: $9350, $9520, $9700
Support Levels: $8900, $8480, $8110

FTSE 100 Long-Term Trend: Bearish

Structurally, the index attempted to break the supply corridor between $9,350–$9,520 but was firmly rejected, leaving behind a visible Change of Character (CHoCH) that marks the shift in directional bias. Sellers absorbed buy orders at the upper band, while the subsequent drop beneath $9,230 confirmed that bearish forces have gained control. Current trading around $9,130–$9,120 is testing a fragile support area, and losing this level could accelerate selling momentum.

Forward projections place the FTSE 100 on course for the $8,910–$8,900 demand region, an area aligned with past structural pivots. A decisive break below this zone could deepen the retracement toward $8,480, in line with broader corrective flows. Only a strong recovery above $9,350 would challenge this bearish outlook. Until that unfolds, short-term expectations remain tilted toward continued bearish dominance.

FTSE 100 Short-Term Trend: Bearish

FTSE 100 is showing bearish intent on the four-hour chart after multiple rejections from the $9,350 supply zone. Price is currently trading below the 9-period SMA at $9,230, reflecting weakening upward momentum.

The recent Change of Character (CHoCH) confirms sellers are regaining control after exhausting bullish attempts. A move toward the $8,910 support area remains the most probable short-term scenario, and traders may increasingly turn to forex signals to navigate such volatile conditions.

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