FTSE 100 Sustains Upward Trajectory With Strong Bullish Confirmation

FTSE 100 Analysis – August 20

FTSE 100 sustains its upward trajectory with strong bullish confirmation. The index continues to display decisive strength, with price structure favorably positioned above the short-term moving average around $9,160.

The bullish slope of the SMA reinforces upward momentum, while the MACD histogram remains in positive territory, reflecting steady buying pressure. This alignment of price action and indicators supports the broader bullish outlook and suggests that the market is firmly positioned for higher valuations.

FTSE 100 Key Levels

Resistance Levels: $9200, $9350, $9520
Support Levels: $8900, $8480, $8110

FTSE 100 Long-Term Trend: Bullish

Technically, the index recently broke above resistance at $9,200 and has established a base near $9,290, reflecting strong market conviction. Previous pullbacks into the $9,130 support area were well-defended by buyers, indicating that institutional demand continues to provide stability. The market’s ability to hold higher lows while posting fresh highs further strengthens the bullish outlook, with momentum clearly favoring buyers.

Looking forward, if the index sustains above $9,200, the next resistance at $9,350 appears within reach. A strong break beyond this level could accelerate price movement toward $9,520, extending the prevailing bullish trend. Unless price slips below $9,130, FTSE 100 is expected to maintain its upward trajectory in the near term. Traders following forex signals may also view these key levels as important benchmarks.

FTSE 100 Short-Term Trend: Bullish

In the short term, FTSE 100 is showing bullish momentum on the four-hour chart, with price holding above the $9,200 support zone. The breakout above recent consolidation confirms buyer strength and aligns with the upward-sloping SMA.

MACD remains in positive territory, reinforcing continued bullish momentum. If price holds above $9,200, the next upside targets are around $9,350 and potentially $9,520.

Make money without lifting your fingers: Start using a world-class auto trading solution 

How To Buy Lucky Block

Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset, product, or event. We are not responsible for your investment results.