FTSE 100 Shows Weakening Momentum Amid Bearish Technical Signals

FTSE 100 Analysis – September 17

FTSE 100 shows weakening momentum amid bearish technical signals. As momentum indicators turn more cautious, the FTSE 100 is displaying a declining bias. With the 9-day Simple Moving Average near $9,240 acting as a dynamic barrier, the index is currently trading around $9,210. After recent attempts to push higher, the RSI is softening near 51, signaling weakening buying pressure. This combination suggests that bullish momentum is fading, potentially leading to further declines.

FTSE 100 Key Levels

Resistance Levels: $9,350, $9,520, $9,700
Support Levels: $8,900, $8,480, $8,110

FTSE 100 Long-Term Trend: Bearish

Technically, price action failed to hold above the $9,350 resistance level and recently rejected the order block zone. A clear Change of Character (ChoCH) and the resulting bearish engulfing pattern suggest that sellers are regaining control. Although the $9,130 support level has been tested, market structure still points to a higher likelihood of a decline due to weak buying reactions. The inability to create a higher high confirms the entry into a corrective phase.

If negative momentum strengthens, the index may drop toward the $8,910 level, which aligns with previous demand zones. A deeper retracement could drive prices to the significant historical support area around $8,480. The broader outlook remains biased toward a bearish continuation, with short-term risks tilted to the downside until buyers can reclaim the $9,350 level.

FTSE 100 Short-Term Trend: Bearish

FTSE 100 continues to face bearish pressure after rejecting the $9,350 supply zone. Price is now trading below the 9-day SMA at $9,240, reflecting weak momentum.

The RSI at 43 shows that sellers are regaining control after a failed recovery attempt. A decisive break below $9,130 could accelerate losses toward the $8,910 support region. Traders relying on forex signals may use these levels as a guide for potential entry and exit points in the market.

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