Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100
FTSE 100 (UKX) Long-term Trend: Bullish
FTSE 100 is making an upward move. The bulls have attempted to break the resistance at level 6800. Each time the UKX retests the recent high, the price will fall. Since January, the market has been in a range-bound move below the resistance.
Daily Chart Indicators Reading:
The 21-day SMA and 50-day SMA are sloping upward indicating the trend. Presently, the share is at level 52 of the Relative Strength Index. It indicates that the UKX is in the uptrend zone and above the centerline of 50.
FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4-hour chart, the share is making an upward move. On February 15 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the share will rise to level 2.618 Fibonacci extensions. That is the high of 7290.30.
4-hour Chart Indicators Reading
The share is above the 40% range of the daily stochastic. It indicates that the share is in a bullish momentum. The 21-day and 50-day SMAs are sloping upward indicating the uptrend.
General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) share is making an upward move. The uptrend is facing resistance at level 6800. A breakout will propel the share to rise. The sideways move may continue if the bulls fail to break the recent high.
You can purchase crypto coins here: Buy Coins
Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.