FTSE 100 Indications Suggest Sustained Bullish Momentum

FTSE 100 Analysis – March 19

The FTSE 100 continues to show signs of sustained bullish momentum. Since November 2024, the index has consistently formed higher highs and higher lows. At present, it is trading above the $8,620 9-day Simple Moving Average (SMA), indicating a favorable short-term trend. Furthermore, a bullish crossover of the MACD (Moving Average Convergence Divergence) indicator appears imminent, potentially signaling an increase in buying activity. The MACD histogram also supports the potential for upward price movement, as it reflects a decline in negative momentum. If the index remains above the moving average, a stronger positive trend could emerge, supported by reliable forex signals.

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

The current market activity highlights a strong rebound from the $8,580 level, aligning with both a Fair Value Gap (FVG) and an Order Block (OB). The successful breakout from this support, alongside the approach to the $8,800 resistance zone, indicates that buyers are reinforcing lower price levels and driving the market upward. A clear move above $8,800 could further reinforce the bullish outlook.

If the FTSE 100 holds above the $8,580 mark, the next target would be the psychological resistance at $9,000. Continued bullish momentum could pave the way for an extension toward $9,200, where notable resistance may limit further gains. On the other hand, if resistance is met at $8,800, a slight pullback to retest the $8,580 support could offer another buying opportunity before the next leg higher.

FTSE 100 Short-Term Trend: Bullish

The four-hour chart analysis reveals that the FTSE 100 remains in an upward trajectory, currently trading above the 9-day SMA around $8,680. The positive MACD histogram indicates increasing buying pressure, suggesting further upside potential.
Following a strong rebound from the $8,500 area, the next significant resistance level lies at $8,800. A breakout above this level could lead prices toward the psychological milestone of $9,000. However, in the event of a downturn, forex signals suggests that the $8,500 level may serve as a solid support, potentially cushioning further declines.

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