Technical Analytics Report

FTSE (UK100): Technical Analysis

 FTSE, H4

On the H4 chart, an uptrend is forming, the instrument returned to growth after a short correction, and is trading between the upper and middle lines of Bollinger Bands; the cloud of the indicator is widened, the upward dynamics is likely to remain in the short term. MACD histogram is in the positive zone, maintaining stable volumes; the signal line is crossing the body of the histogram from below, giving a signal for opening buy orders. Stochastic is in the neutral zone, the oscillator lines have reversed upwards from the border with the oversold zone.

FTSE, D1

On the D1 chart, an uptrend is also forming, and the instrument is testing the upper border of Bollinger Bands for a breakout; the indicator cloud is expanding, indicating continued growth in the medium term. MACD histogram is in the positive area keeping a signal for opening long positions. Stochastic is about to cross the border of the overbought area from below after which a signal for the opening of buy positions will be formed.

Key levels:

Resistance levels: 6910.0, 6960.0.

Support levels: 6850.0, 6790.0, 6680.0.

Trading tips:

According to technical indicators, long positions could be opened from 6910.0 with the target at 6960.0 and stop-loss at 6880.0. Implementation period: 1-3 days.

Short positions may be opened from 6780.0 with the target at 6700.0 and stop-loss at 6910.0.

FTSE100 index of the British stock exchange 

Buy Sell Spread: 6864.4 6858.4 60

Scenario: Timeframe Day’s Range

Recommendations BUY STOP

Entry Point 6910.0

Take Profit 6960.0

Stop Loss 6880.0

Support levels 6680.0, 6790.0, 6850.0, 6910.0, 6960.0

 

Alternative scenario 

Recommendations SELL STOP

Entry Point 6780.0

Take Profit 6700.0

Stop Loss 6910.0

Support levels 6680.0, 6790.0, 6850.0, 6910.0, 6960.0

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