FTSE100 Declines as It Is Unable to Sustain above Level 7600

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

The L2T Algo provides highly profitable signals with minimal risk.

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

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

79% Success rate. Our outcomes will excite you.

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

Monthly subscriptions begin at £58.

L2T Algo

TELEGRAM

RESULTS

Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100

FTSE 100 (UKX) Long-term Trend:Bullish
FTSE 100 (UKX) price is in an upward move but unable to sustain above level 7600. Today, it is retracing as the index reaches the overbought region of the market. On the downside, if Ether retraces above the moving averages, the uptrend will resume. The downtrend will persist if price breaks below the moving averages.

Daily Chart Indicators Reading:
UKX is at level 52 of the Relative Strength Index for period 14. It indicates that the index has risen to the bullish trend zone and it is capable of a further upward move. The 21-day line SMA and the 50-day line SMA are sloping horizontally indicating a sideways trend. The index price bars are above the moving averages indicating the uptrend.

FTSE 100 (UKX) Medium-term Trend: Bullish
On the 4-hour chart, UKX is in a downtrend. The index price has fallen below the 21-day line SMA but it is above the 50-day line SMA. Presently, the coin is in a sideways move.

4-hour Chart Indicators Reading
UKX is below the 40% range of the daily stochastic. The market is in a bearish momentum The selling pressure is approaching the oversold region of the market. The 21-day line and the 50-day line SMAs are sloping uptrend indicating the uptrend.

General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) is in an uptrend but it is unable to sustain above level 7600. The index has reached level 7600 and now it is in a downward move. It may resume an uptrend again if finds support above the moving averages.


You can purchase crypto coins 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