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FTSE 100 Index
Long

UK100:FTSE Rebounds on Double Bottom and Positive UK GDP Data

By DAY_PROFITS

The FTSE has shown signs of a potential price increase after a Double Bottom pattern and Divergence were identified on the 4-hour timeframe. This movement is likely to continue in the direction of the current trend. The recent growth in value can be attributed to positive data from the UK, which showed a 0.1% increase in quarterly GDP in Q1. In addition, both Industrial Production and Manufacturing Production expanded by 0.7% in March.
FTSEFundamental AnalysisTechnical IndicatorsTrend AnalysisUK100 CFD
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