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musoro wenyaya

FTSE 100 (UKX) Yakanamira Pazasi peNhamba 6800 seBulls Kuedza Kuputsa Iyo Yazvino Yakakwira

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BullishSince January, UKX’s upward move has been facing rejection at level 6800. On three occasions, the index was rejected and it fell to level 6500. Today, the market is still fluctuating above the 21-day SMA to retest level 6800 resistance. An […]

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musoro wenyaya

FTSE 100 (UKX) Inosvika Bearish Kuneta, Inogona Kudzoka paNhamba 6259.30

Resistance Level: 7500, 7600, 7700Support Level: 7300, 7200, 7100 FTSE 100 (UKX) Long-term Trend: BearishFTSE 100 has continued the downward move. On January 29 downtrend; a retraced candle body tested the 78.6% Fibonacci retracement level. The retracement level indicates that the share is likely to fall to level 1.272 Fibonacci extension and reverse. That is […]

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