FTSE 100 Shows Bullish Momentum With Key Levels In Focus

FTSE 100 Analysis – February 26

FTSE 100 is exhibiting bullish momentum with key levels in focus. The 9-day Simple Moving Average (SMA) at $8,710 serves as immediate support, reinforcing the prevailing bullish trend. The MACD (Moving Average Convergence Divergence) histogram indicates a decline in bearish momentum, with the signal line at 78.90 remaining above the MACD line at 58.50, suggesting the potential for further gains. Additionally, the Relative Strength Index (RSI) above 50 underscores the strength of bullish sentiment, indicating further room for price appreciation.

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

Recent price action has confirmed a break of structure (BOS) above the critical level of $8,390, signaling a shift into bullish territory. The price has recently tested and rebounded from the fair value gap (FVG) near $8,690, highlighting strong buying interest in this zone. The formation of higher highs and higher lows aligns with the ongoing upward trend. Sustained trading above $8,800 will further confirm bullish dominance.

As momentum continues to build, the next significant resistance is identified at $9,000—a psychological barrier where selling pressure may emerge. If buyers successfully surpass this level, the ultimate target is projected to be $9,200, which has historically acted as a rejection point. However, a decline below $8,500 could trigger a retracement toward the $8,370 support level. Nonetheless, the bullish outlook remains intact as long as this level holds.

FTSE 100 Short-Term Trend: Bullish

On the 4-hour chart, the FTSE 100 continues to display a bullish bias, trading above the 9-period SMA at $8,680, which serves as dynamic support. Recent price action has shown a rebound from the fair value gap (FVG) around $8,650, coinciding with an ascending trendline and reinforcing bullish momentum.
A decisive break above $8,800 could catalyze a movement toward the $9,000 resistance level, reinforcing the overall uptrend. Should the price experience a retracement, the diagonal trendline remains a critical support level to monitor for potential buying opportunities. Additionally, forex signals suggest a continuation of the bullish trend, supporting the likelihood of further gains.

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