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FTSE

FTSE: About to give a strong longterm buy signalFTSE100 has been trading inside a Channel Up since the October 13th 2022 bottom, currently pulling back after a rejection on the internal LH trendline. This has turned the 1D timeframe neutral (RSI = 48.285, MACD = 4.950, ADX = 49.378) and with the price on the 1D MA50, those are the conditions for a buy. The Buy signal trigger however would be the index crossing over the LH trendline, as it did on a similar pattern on November 10th 2022. We will buy either on that trigger or on the 1D MA200. In both cases TP = 8,250. ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:UK100
by InvestingScope
3
UK100 to start a selloff?UK100 - 24h expiry - We are trading at overbought extremes. Short term MACD has turned negative. A break of 7800 is needed to confirm follow through negative momentum. Short term bias has turned negative. We look for losses to be extended today. We look to Sell a break of 7799 (stop at 7838) Our profit targets will be 7701 and 7681 Resistance: 7835 / 7860 / 7880 Support: 7809 / 7780 / 7750 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:UK100GBPShort
by OANDA
FTSE to breakdown from a wedge?UK100 - 24h expiry - Previous support located at 7740. Previous resistance located at 7800. We are trading close to the end of an ascending Ending Wedge Formation. We expect a reversal in this move. A move through 7740 will confirm the bearish momentum. We look to Sell a break of 7740 (stop at 7820) Our profit targets will be 7560 and 7550 Resistance: 7800 / 7820 / 7850 Support: 7740 / 7700 / 7550 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:UK100GBPShort
by OANDA
Has FTSE formed a swing low?UK100 - Intraday - Previous support located at 7600. Previous resistance located at 7650. Price action has continued to trend strongly lower and has stalled at the previous support near 7500. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. A move through 7650 will confirm the bullish momentum. We look to Buy at 7521 (stop at 7456) Our profit targets will be 7681 and 7711 Resistance: 7650 / 7700 / 7750 Support: 7600 / 7500 / 7400 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:UK100GBPLong
by OANDA
Impulsive Elliott Wave Decline in FTSE Calling More DownsideFTSE ended cycle from 3.16.2020 low with wave I at 8047.06. The Index is now in the process of correcting this 3 year rally in wave II. The internal subdivision of wave II is unfolding as a zigzag Elliott Wave structure. A zigzag structure is a 5-3-5 structure with ((A))-((B))-((C)) as the label. Wave ((A)) and ((C)) in this case subdivides into 5 waves impulse. In the 1 hour chart below, FTSE is still within wave ((A)) of II with subdivision as 5 waves. Down from wave I, wave 1 ended at 7978.61 and wave 2 ended at 8020.13. The Index then resumes lower in wave 3 towards 7870.39, and wave 4 ended at 7949.97. Final leg lower wave 5 ended at 7854.82 which completed wave (1). Rally in wave (2) ended at 7976.48 with subdivision as a zigzag structure. Up from wave (1), wave A ended at 7950.69 and pullback in wave B ended at 7875.03. Wave C higher ended at 7976.48 which completed wave (2). The Index resumes lower in wave (3). Down from wave (2), wave 1 ended at 7897.45 and rally in wave 2 ended at 7959.77. Expect the Index to extend lower 1 more time to end wave 3, then it should rally in wave 4 and extends lower again. Near term, as far as pivot at 7976.48 high stays intact, expect rally to fail in 3, 7, or 11 swing.
TVC:UKX
by Elliottwave-Forecast
During periods of volatility markets mean revert to long term maDisclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
U
by The_STA
FTSE BULLISH EXHAUSTION?I am currently looking to sell this index. It is no surprise to anyone who reads my ideas ,not many:p, that I am of the option that whilst the latest inflation data coming from the UK has ticked lower, I believe it will again raise its head to bite the UK on its ar$e. I guess more importantly, I think the inflation data coming out of the US over the coming months will be hot and with that the dollar will rally once again. Although not quite as it did in 2022. This will result in a significant exportation of inflation around the world which will further increase the prices of food, energy and fuel; pretty much everything that is priced in USD. Ultimately hurting the economies which the companies comprising the FTSE rely on. Aside from big pharma and petrochemicals. Moreover, if you look at the chart above, the FTSE has been in a decent rally since October of last year which culminated in an all-time high milestone of 8000. The rally to date has been moving in an ascending triangle (WHITE) which coincided nicely with relatively strong divergences between the move up to 8000 and the indicators shown (RED). This is often a good indication of weakness in a prevailing trend and may potentially signal bullish exhaustion. The price broke this triangle structure on 28/02/23 with a failed rally back to support which indicates that we may be looking at a decent move to the downside in the coming weeks and months. As such, I’m now looking to enter a sell trade from here-on. My POI for this move is anywhere between 8950 and 8130 (current price to top of structure) As always I will be scaling in my positions as (or if) the price moves higher, which I expect it will until Powell comes out and admits that last months 25bps hike was a mistake. It’s important to note that the UK economy and this index are not overly correlated because whilst the companies making up the FTSE may be HQ’d in the UK, their market audiences are more global. Please bear in mind that this is not a full breakdown or analysis for an entry, it is just my current thoughts on this market and a very basic o view of why I’m looking to short this index. Please always do your own analysis and always trade with caution.
SPREADEX:FTSEShort
by jamesfrench73
FTSE to recoup some of Friday's 'SVB' selloff?Friday was the most bearish day for the FTSE since September, as concerns over SVB (Silicon Valley Bank) and the potential for contagion across the finance sector weighed on sentiment. Yet a joint statement from the Fed, Treasury and FDIC (Federal Deposit Insurance Corp) released on Sunday assured that deposits at the bank will be guaranteed, which helped boost sentiment in today's Asian session. Futures markets point to a higher open, and we suspect the FTSE can rebound and recoup at least some of Friday's losses. Note that the RSI (2) reached oversold by Friday's close, and the low of the day found support around the 2019 / 2020 highs and monthly S1 pivot. The bias is bullish above Friday's low and for an initial move to 7800, a break above which brings 7850 into focus.
TVC:UKXLong
by CityIndex
1
FTSE Broke from a range to the upside.Previous support located at 7950. Previous resistance located at 8000. The correction lower is assessed as being complete. Further upside is expected. Risk/Reward would be poor to call a buy from current levels. Our profit targets will be 8006 and 8024 UK100 - Intraday - We look to Buy at 7926 (stop at 7894) Resistance: 800 / 8050 / 8100 Support: 7950 / 7900 / 7850 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:UK100GBPLong
by OANDA
Key Levels and Market overview for the Asian session open 24/02A review of the price action from the European session and recap of US price action as US indexes followed on from some strength this time in the Asian and European trade. The US gapped up on the open, sold off hard only to bounce back into the close to wipe off the majority of the earlier losses. I look at some key levels to watch and the price action setups I expect to see play out. Markets covered :- DOW Nasdaq DAX FTSE ASX200 Hang Seng USD Index Gold Oil Copper
NYMEX:CL1!
by TradeTheStructure
1