Resistance Level: 7500, 7600, 7700
Support Level: 7300, 7200, 7100
FTSE 100 (UKX) Long-term Trend: Ranging
FTSE 100 share has continued to consolidate sideways since June. The price is fluctuating between levels 6000 and 6500. The price is attempting to break the support line. The sideways move will hold if the current support holds.
Daily Chart Indicators Reading:
The 21-day SMA and 50-day SMA are sloping horizontally. It indicates the current sideways trend. Presently, the share is at level 44 of the Relative Strength Index. This indicates that price is in the downtrend and likely resume a downward move.
FTSE 100 (UKX) Medium-term Trend: Bearish
On the 4-hour chart, the share is consolidating above 6000. Recently, the market is on a downward move but the share rebounded after reaching the low of 5850. The market has fallen to the range-bound zone.
4-hour Chart Indicators Reading
The market has fallen below 80% range of the daily stochastic. It indicates that price is in a bearish momentum. The 21-day and 50-day SMAs are sloping downward.
General Outlook for FTSE 100 (UKX)
FTSE 100 (UKX) share is now in a sideways move. The market is presently fluctuating above level 6000. The price has fallen to the range-bound zone.
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.