FTSE100 Bears Ride the Boat as Buyers Apply Effort

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Market Analysis – January 24th

FTSE100 bears ride the boat as buyers apply effort. The FTSE100 has provided a compelling drama in the first weeks of 2024. The bears are taking control and pushing the price lower for an extended period.

The FTSE price aligned with the bearish trend early in the year as buyers failed to make progress. In the preceding months, the bulls put up a strong fight that lasted for quite some time.

The buyers fought through struggle, pulling the price up from the significant level of 7407.900. They managed to supply enough strength to reach the key level of 7772.700. However, a bearish surge entered the scene this month.

FTSE100 Market Zones

Resistance Zones: 7772.700, 7630.300
Support Zones: 7407.900,7208.300

FTSE100 Bears Ride the Boat as Buyers Apply Effort

FTSE100 Long-Term Trend: Bearish 

In the current week, the buyers have been acting out, building momentum that is likely to push the price close to the significant level of 7630.300. The Stochastic Oscillator, a momentum indicator, has picked up strength as buyers have been active this week.

The price volatility is still expanding, indicating a high level of volatility in the market. The current trigger from the bulls is expected to be sustained for a while, allowing the FTSE100 to continue pushing forward in the market.

FTSE100 Bears Ride the Boat as Buyers Apply Effort

FTSE100 Short-Term Trend: Bullish

In this short time frame, the bulls are also on the rise. Market volatility is increasing as buyers take charge. This suggests that there may be more price fluctuations and opportunities for traders to capitalize on.

You can purchase Lucky Block here.  Buy LBLOCK

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
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • 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
$50 Min Deposit
9
  • 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.

Leave a Reply

Your email address will not be published. Required fields are marked *