FTSE 100 Gains Fresh Bullish Traction Toward Higher Resistance Levels

FTSE 100 Analysis – October 22

FTSE 100 gains fresh bullish traction toward higher resistance levels. The FTSE 100 Index has resumed its upward momentum following a brief retracement, rebounding strongly from the $9,350 support region and now trading above the short-term moving average near $9,430. The 9-day Simple Moving Average (SMA) appears to be flattening, indicating a potential stabilization phase as buyers gradually re-enter the market. Meanwhile, the MACD histogram continues to contract, suggesting fading bearish momentum and the likelihood of a bullish crossover forming soon.

FTSE 100 Key Levels

Resistance Levels: $9520, $9700, $9900
Support Levels: $9350, $8900, $8500

FTSE100 Long-Term Trend: Bullish

From a technical standpoint, price action has consistently respected the ascending trendline support around $9,260, confirming it as a key demand zone. The formation of a higher low supports the broader bullish structure that has been developing since late May. With price now positioned above the $9,350 pivot level, sentiment has turned increasingly positive, setting the stage for potential movement toward the next resistance near $9,520, where a temporary pause or mild pullback could occur.

Looking ahead, sustained buying interest above the $9,520 resistance may open the door for an advance toward $9,700. Continued bullish volume could further propel price action toward the $9,900 region, extending the prevailing uptrend. However, a daily close below $9,350 may indicate weakening momentum and short-term consolidation. Overall, the broader market structure remains bullish while price holds above the established support area, a view reinforced by insights drawn from forex signals suggesting continued buyer dominance.

FTSE100 Short-Term Trend: Bullish

FTSE 100 has regained its bullish momentum on the four-hour chart after rebounding from the $9,260 support level. The price now trades above the 9-period SMA near $9,390, reflecting renewed short-term strength.

The MACD lines are turning upward, signaling a potential bullish crossover and increasing buying activity. If momentum remains strong above $9,350, the next likely target lies near the $9,700 resistance zone.

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