FTSE 100 Recovering Previous Losses

Updated:

Checkmark

Invest at least $250 in D2T to gain lifetime access to our VIP Signals

Checkmark

Get early access to Dash 2 Trade’s Presale. Buy the D2T token now

Checkmark

Existing community of 70,000+ traders

Checkmark

Unlocks access to the leading crypto trading analysis, signals and trading tools

Checkmark

As featured in CryptoNews.com, FXEmpire.com, FXStreet.com and more

Checkmark

World class development team backed by Quant developers and VC investors



For about eight consecutive trading sessions, selling has been the market’s most dominant activity. However, now it appears buyers had regrouped near the £7,450 price level, and this has resulted in a moderate recovery in the meantime.

Important price Levels:
Top Levels: £7,508, £7,558, £7,600
Bottom Levels: £7,488, £7,450, £7,420

FTSE 100 Recovering Previous Losses

FTSE 100 Price Arrives Above a Notable Support

Buyers in the FTSE 100 24-hour market have pushed the price above the middle limit of the Bollinger band (MA). Additionally, the Stochastic RSI indicator lines have reached the oversold zone and have performed a bullish crossover. Furthermore, the lines of this RSI indicator are now on their way up toward the overbought region. In addition, the MACD indicator has started to indicate a decrease in downward momentum. This can be seen as the lines of this Indicator are now turning sideways above the equilibrium point. Also, the histograms on the negative side of the MACD too are now looking pale in appearance. Therefore, since technical indicators point to a decrease in downward momentum, traders may keep gaining more buying confidence, as the price continues to increase.

FTSE 100 Recovering Previous Losses

FTSE 100 Maintains Promising Outlook

Coming to the FTSE 100 4-hour market, we can see that has refused to fall below the MA line. Additionally, bullish candles have formed right from the previous trading sessions till now. Consequently, this has pushed FTSE 100 price upwards from the middle limit of the Bollinger band (MA). Also, the MACD curves are now on their way upwards, to indicate a gain in buying pressure. Likewise, the RSI indicator lines are now nearly giving a bullish crossover around the 50 mark of the indicator. Consequently, traders in this market can still predict that the price will move towards the £7,650 price mark, going by signs that are emanating from trading indicators.

Do you want to take your trading to the next level? Join the best platform for that here.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.