FTSE 100 Extends Uptrend With Strong Bullish Confirmation Signal

FTSE 100 Analysis – October 29

FTSE 100 extends its uptrend with a strong bullish confirmation signal. The FTSE 100 Index continues to display firm upward momentum, maintaining a steady bullish trajectory above the 9-day Simple Moving Average at around $9,520. This consistent positioning of price above the short-term moving average reinforces persistent buying strength. The MACD indicator also reflects widening positive momentum, with its signal line trending upward—confirming the continuation of bullish sentiment across the broader market. Such technical alignment suggests growing investor confidence and supports the potential for further price appreciation.

FTSE 100 Key Levels

Resistance Levels: $9,700, $9,900, $10,100
Support Levels: $9,520, $9,350, $8,900

FTSE100 Long-Term Trend: Bullish

From a structural standpoint, price has successfully broken out of the consolidation zone near $9,350 and has now formed a support base between $9,520 and $9,560. The recent bullish breakout above this zone indicates strong market participation and a clear transition of control to buyers. This move was confirmed by a decisive upward surge, marked by a bullish engulfing candle that reinforces the dominance of buyers. The previously identified order block around $9,520 has now evolved into a solid demand region, likely to act as a foundation during minor retracements.

Looking ahead, the FTSE 100 appears set to advance toward the next resistance level near $9,900, with a potential extension toward $10,100 if bullish momentum persists. As long as price maintains stability above $9,520, the existing market structure supports continued upward movement. A daily close beyond $9,700 would further affirm the bullish continuation, while any temporary pullback is likely to attract renewed institutional buying interest. Overall, the index remains technically poised for sustained appreciation toward higher valuation zones, providing useful insights for traders monitoring forex signals.

FTSE100 Short-Term Trend: Bullish

FTSE 100 continues to exhibit a strong bullish formation on the four-hour chart, trading comfortably above the 9-period moving average near $9,650. The recent breakout beyond the $9,520 resistance level confirms renewed buying momentum and the continuation of the prevailing uptrend. Momentum indicators, including the MACD, remain firmly positive, reflecting sustained bullish sentiment. As long as price remains above $9,520, the next target lies around $9,900, with the potential for further gains toward $10,000.

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