UK100 Looks To Trade Higher!
Login

UK100 Looks To Trade Higher!

Estimated Reading Time: 1 minute
Article Rating:
Based on 1 vote
Login to rate this article.

Olimpiu Tuns

Updated:


UK100 (FTSE) is traded at 6820.2 at the time of writing, higher versus 6755.6 today’s low. It has jumped above the former high signaling strong bulls and more gains ahead.

GBP’s aggressive drop registered today may help the UK100 stock index to resume its growth. The price action indicates an upside pressure after the latest developments.

UK100 H4 Technical Analysis

FTSE 100 Index trades within an uptrend after breaking above the short-term downtrend line. It has retested the broken dynamic resistance and now it seems determined to reach new highs.

The current breakout above 6796 static resistance and through the major descending pitchfork’s upper median line (UML) signals continuation. The price could consolidate above the UML and R1 (6811) before resuming its bullish momentum.

Conclusion!

UK100 has taken out the immediate resistance levels signaling further growth. Stabilizing above the UML and R1 could bring a new long opportunity!

  • 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

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News