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Ftse100

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
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
UKX to 9090?FTSE100 (UK100, UK stocks index) been laggard for many years in comparison with many of it's peers. Now it seems the UKX will finally make new all-time high🍾 and will go even higher. I think we are in continuation move up after breaking out of the consolidation in form of triangle. Target @ 9090 being measured move - height of the triangle projected from midpoint of local range. Invalidation would be the local range low @ 4791 which is too far away meaning unfavourable reward risk ratio but this idea is rather about directional bias. Bear in mind this is monthly chart so the move will not happen over night obviously. Check my other stuff in related ideas. Please boost🚀, comment🗣️, follow me✒️, enjoy📺! ⚠️Disclaimer: I'm not financial advisor. This is not a financial advice. Do your own due dilingence.
TVC:UKXLong
by bizmark
FTSE 100 still at highest levels in 5 years despite this morningThe performance of the 100 most prestigious companies listed on the London Stock Exchange has made for exciting viewing over recent days, with the FTSE 100 index that tracks them having rocketed in value. Last week, the FTSE 100 index raced to its highest point in over three years, with some analysts across the City of London having begun to wonder whether it may reach 8,000 points. Yesterday, the rally continued, and the FTSE 100 reached its highest position in five years, which is a remarkable milestone, as the trading day ended at a very high 7,856. This morning, the trading bonanza came to an abrupt end, as a sudden drop took place at 9.00am during the London trading session, signaling a break in the FTSE 100 index's almost unstoppable rally. However, even after such a drop, the FTSE 100 was still standing at 7,845 points which is still its highest point in five years apart from yesterday's peak. The sudden drop was quickly reversed, and by 9.30am there was a slight movement upwards once again, which by 9.45am resulted in a climb back to 7,849 points. Now it is hard to tell whether this upward movement will continue and cancel out this morning's drop entirely, or whether this is the end of the massive rally experienced by the FTSE 100 index over recent weeks. Interestingly, in this age of high technology in which internet giants such as Amazon and Google dominate the world's corporate stage, NASDAQ has been hit badly with weakening overall stock values as the US tech stocks and electric vehicle manufacturers' poor performance has had an impact. Meanwhile the FTSE 100 which tracks traditional firms such as airlines, mining companies, banks, pharmaceuticals, retail giants, supermarkets and healthcare firms among others, is booming. All this with a backdrop of a weak economy in the United Kingdom and high inflation compared to greater production output and lower inflation in the United States. For the moment, it certainly appears that there is life in 'low tech' and that London's trading floor is a hive of activity. Disclaimer: This Forecast represents FXOpen Companies opinion only, it should not be construed as an offer, invitation or recommendation in respect to FXOpen Companies products and services or as Financial Advice.
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by FXOpen
1