FTSE 100 Eyes Bullish Reversal After Liquidity Sweep

FTSE 100 Analysis – March 12

FTSE 100 is poised for a bullish reversal following a liquidity sweep. Currently trading around $8,540, the 9-day SMA is positioned at $8,690, reflecting short-term bearish pressure. The Stochastic Oscillator is hovering at 14, signaling oversold conditions and a potential turning point. This suggests that selling momentum may be fading, creating an opportunity for buyers to regain control. A sustained move above the SMA could reinforce bullish sentiment and confirm a trend shift.

FTSE 100 Key Levels

Resistance Levels: $8,800, $9,000, $9,200
Support Levels: $8,370, $8,110, $7,790

FTSE 100 Long-Term Trend: Bullish

From a price action perspective, the recent decline may reach the $8,460 liquidity zone, sweeping sell-side liquidity below a key support level. This liquidity grab often precedes a reversal as institutional buyers step in. The price has shown signs of stabilizing above $8,370, a crucial support level that aligns with previous consolidation zones. A break above $8,560 would confirm a bullish reversal, whereas failure to hold $8,370 could indicate further downside risk.

Looking ahead, FTSE 100 is set to revisit the $8,800 resistance level if bullish momentum strengthens. A successful breakout above $8,800 could pave the way for a rally toward $9,000 and potentially $9,200 as the next major targets. However, if the price retests the $8,460 zone and holds, it may act as a launching point for further upside. Buyers should closely monitor the $8,370–$8,460 range for signs of a confirmed reversal before positioning for higher levels. Traders seeking forex signals should watch for bullish confirmations within this key range.

FTSE 100 Short-Term Trend: Bullish

FTSE 100 remains in a corrective downtrend but is approaching key support near $8,370. The price is currently testing a descending trendline, and a breakout above it could signal a shift toward the $8,800 resistance level.
The Stochastic Oscillator is rising from the oversold region, indicating potential bullish momentum ahead. If buyers take control, the next significant target lies at $9,000, with further upside potential toward $9,200.

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