FTSE 100 Poised For Sustained Bullish Price Acceleration

FTSE 100 Analysis – August 13

The FTSE 100 Index is showing sustained upward momentum, supported by the alignment of short-term moving averages and strong market sentiment. The 9-day SMA, positioned near $9,130, continues to act as dynamic support, reinforcing buyers’ dominance. The MACD remains in positive territory, signaling underlying strength despite a slight convergence in the histogram bars. The synergy between these trend indicators highlights the prevailing bullish structure of the market.

FTSE 100 Key Levels

Resistance Levels: $9,200, $9,350, $9,520
Support Levels: $8,900, $8,480, $8,110

FTSE 100 Long-Term Trend: Bullish

The index continues to form a steady ascending channel, with higher lows consistently defended. Price recently consolidated above the $9,000 psychological level, with support around $8,995 holding firm. The breakout from this compression pattern suggests a likely test of overhead resistance near $9,200. The absence of deep retracements and the presence of narrow-bodied candles indicate controlled buying pressure rather than speculative spikes.

Looking forward, a confirmed close above $9,200 could spark a swift rally toward the intermediate resistance at $9,350, with an extended bullish move potentially reaching $9,520. If momentum stays intact, buyers are expected to defend pullbacks to the $9,130 area as a base for further gains. Traders monitoring forex signals may find these levels significant in aligning equity and currency market strategies. Only a breakdown below $8,995 would threaten the current bullish bias, though prevailing market dynamics still favor continued appreciation toward new highs.

FTSE 100 Short-Term Trend: Bearish

On the four-hour chart, the FTSE 100 is maintaining its upward trajectory, with price holding above the 9-period SMA at $9,140. Recent consolidation near $9,165 suggests steady accumulation ahead of the $9,200 resistance.

The MACD is turning positive, indicating that momentum could strengthen in the short term. A break above $9,200 may pave the way toward $9,350 and $9,520.

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