FTSE making a sustainable rally after bullish break-out.This is an update to our analysis 3 months ago (December 18 2023, see chart below) where we called for a Resistance bullish break-out and buy on the next 1D MA50 (blue trend-line) contact:
Even though the pull-back dipped some more, the index still followed our projection on a rough scale. The long-term pattern remains a Channel Up but due to some relative readjustments because of that longer dip, we have to revise our target a little lower to 8150. That represents a +10.40% rise from the dip's lower point but still a 1.382 Fibonacci test (8350) is possible but in our updated view it will take longer to achieve.
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Ftse100
UK100 - Short SignalUK100 D1
Pushing the absolute peak of our resistance price here, trading at 7755 ish.
A great reward and possible short opportunity. Don’t fix it unless it’s broken, an impulse swing entry here with stops as tight as 25 points.
We have been following UK100 for some time now and this range has held for a while. Lets see what unfolds.
Unlocking Opportunities: UK100 Supply and Demand AnalysisHello Traders,
Critical Zone Breakout from Supply Zone Indicates Potential Upside Momentum, While Failure to Respect Signals Downside Pressure Ahead.
We have 2 Demand Zones, and A Supply Zone. If The Price Breaks The Supply Zone, Take Entry While Retesting OR Pullback of The Move Otherwise If It Respects The Supply Area Then Look For The Short Entries!
Please Note That The Only Purpose of The Information On This Page is Purely Educational.
I Would Welcome Your Participation And Support in the Form of Likes, Comments, And Follow us to Offer Some Encouragement.
Thank You.
Will this UK100 dip attract bulls?UK100GBP - 24h expiry
Short term bias is mildly bullish.
Although the bears are in control, the stalling negative momentum indicates a turnaround is possible.
A lower correction is expected.
We therefore, prefer to fade into the dip with a tight stop in anticipation of a move back higher.
Further upside is expected although we prefer to buy into dips close to the 7640 level.
We look to Buy at 7635 (stop at 7605)
Our profit targets will be 7710 and 7735
Resistance: 7750 / 7880 / 7950
Support: 7640 / 7560 / 7500
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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.
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The UK Needs MORE Homes - So Construction Stocks Breakout ?We all know the UK needs more houses, and that the ones already built are waaay unaffordable.
The scramble to move house in 2021 corresponded with a big rally for building and construction stocks in 2021, admittedly alongside a lot of other parts of the UK stock market.
That rally retraced by exactly 61.8% (Fibonacci) in 2022 and STOPPED FALLING.
Since then its been meandering sideways about 100p from 680 to 780.
This hasn't bee all that interesting - it's a consolidation period.
BUT.. potentially, big players are quietly stepping in - it's what we call accumulation.
We think that if UB320 The FTSE 350 Construction and Materials sector closes over 785, then we want to own the top names in that index for a new period of more obvious strength.
This sector holds these 7 stocks, ordered by 1 year performance.
Kier Group (+67%)
CRH (+60%)
Genuit Group (+28%)
Keller (+4.5%)
Ibstock PLC (-1.7%)
Balfour Beatty (-9.43%)
Marshalls (-12.69%)
We like to buy strength. What do you think?
UK100 FTSE Technical Analysis & Trade Idea (see previous video)The UK100 has reached a critical resistance level and is showing signs of being overextended, particularly on the daily time frame. I foresee a potential retracement and am currently seeking a short opportunity against the prevailing trend. For a comprehensive analysis of this setup, please refer to my recent video post.
UK100 FTSE Technical Analysis & Trade Idea#UK100 Observations:
- Monthly and weekly charts indicate weakening bullish momentum.
- Significant resistance encountered at a key level suggests a potential reversal.
- 61.8 Fibonacci retracement zone identified as a logical downside target.
Trade Idea:
- Short position on the #FTSE.
- Place stop-loss above recent swing high.
- Primary target: Previous swing low on the daily (1D) chart for a 3:1 risk-to-reward ratio.
- Consider partial profit closure at the 1:1 risk-to-reward level.
Important Disclaimer:
This analysis offers a technical perspective and not direct financial advice. Conduct thorough market research and implement sound risk management strategies before executing trades.
FTSE(UK100)My last charts triangle pattern was technically violated.
So here's a new one, which lines up perfectly and make that little bit more sense of what is happening.
As I see it, as long as we stay above 7200-7400 a pump to 8k is a lot more likely as theirs evidently buyers in the market keeping the FTSE floating, where as a break below will send this south (6700 or lower).
FTSE 100 Big triangle from 2023 breakout and retestOn the Daily chart for FTSE 100, we can observe a massive triangle that was forming in 2023. It started in Februaty and produced a breakout in December. For the past few days the price has been correctign and now it's retesting the resistance of the triangle, now acting as a support.
This support is aligning with the 0.382 Fib and the 200 SMA
The development on it is very important. If the price provides a reversing indication in the following hours, this can be a nice entry for a trade that can target the previous swing high at around 7750 - 7770 and bossibly higher
FTSE100 D1 - Short SignalFTSE100 D1
Caught in the range between the alluring 7725 sell zone and the steadfast 7275 support price. This range encompasses a substantial 450-point span, bridging the chasm between resistance and support, offering enticing opportunities on both sides of the spectrum. Notably, FTSE100 has been graced with compelling wick rejections, particularly in recent days, and yesterday's closing performance was the proverbial cherry on top.
The measure, spanning roughly 10R from resistance to support, presents an ideal setup for discerning traders who prefer to navigate the higher timeframes with a "set and
US30 LongsUS30 is breaking All-Time-Highs.
Trend is still Bullish.
Market opened with bullish momentum; waiting for retracement to enter long positions.
Aggressively enter new long positions once original position is in profit and has found support.
Avoid entering new positions if original position is negative.
Stop loss placed under bullish breakout.
FTSE 100 reaches seven month high on softer CPIThe FTSE 100 surged in early trading on Wednesday as the latest inflation figures showed consumer prices had risen less than expected in the last 12 months. Headline CPI came in at 3.9% year-over-year in November, the lowest level in two years. Analysts had been expecting the figure to drop to 4.3% from 4.6%. Core inflation also dropped more than expected to 5.1% from 5.7%.
The softer data underpinned expectations for the Bank of England to start cutting rates sometime next year. Before the data and the FOMC’s surprise dovish tilt last week, markets were pricing in the first cut from the BoE sometime in the third quarter of 2024. As of Wednesday morning, the first full 25bps cut is priced in for May, but there are 13bps of easing priced in by March. By year-end, markets anticipate 134bps of easing, which would entail five 25bps cuts in 2024.
This seems to contradict the messaging that came from the BoE in their meeting last week. The central bank failed to acknowledge rate cuts, going as far as to reiterate that further rate rises could be possible if needed. Markets failed to believe this, and the Federal Reserve is mostly to blame for that. Their unexpected dovish tilt opened the door for other central banks to welcome talk about easing, but neither the BoE nor the ECB took the bait. Regardless, markets see the Fed’s change in position as the turning point in monetary policy across central banks in developed economies, which means they expect the BoE to follow suit sooner or later.
The BoE’s reluctance to show a dovish inclination at their meeting on Thursday last week weighed on UK stocks, especially those most sensitive to rates. The FTSE 100 shed over 1% as the central bank remained firm in its hawkish stance, but Wednesday’s softer CPI data has pushed the index to a seven-month high.
FTSE 100 UK100 trade idea for 20/12/2023 BullishFTSE 100 UK100 trade idea for 20/12/2023
FTSE 100 is in upward channel on daily chart. It broke out of it 2 days ago but came down back inside the channel again.
Tomorrow 20th Dec a major catalyst CPI data is released an hour before the market open. This surely will bring major volatility which gives the traders a good opportunity to grab some points if traded on the correct side.
Key levels based on technical analysis for long trade:
Entry: Ideally a dip to 7626 or 7604
Targets: 7665,7685,7724,7746
Support: 7584,7545
Thanks for reading, feedback welcome.
UK 100 FTS100 Trade Swing trade IdeaFTSE 100 is showing bullish sign.
It is in an ascending channel upwards.
A crossover above the major down trend resistance line at 7583 might trigger a quick movement to 7675 and 7697 with an ultimate target of 7748.
Support at 7456 and 7403.
Any feedback is most welcome to improve my analysis. Many Thanks.
UK100: Thoughts and Analysis Today's focus: UK100
Pattern – LH decline
Support – 7375 - 7250
Resistance – 7466 - 7710
Hi, and thanks for checking out today's update. Today, we are looking at the UK100 on the daily chart.
Today's video asks if the UK100 will continue to move lower after setting up a few beach technical signs. What do you think about the reasons presented in today's video update? Are the lower highs after the trend break and failed rally yesterday a new momentum shift to sellers in the short term?
We continue to look at major index influences and watch today's UK GDP. If buyers are able to reverse today's selling and break the 7466 resistance, this will cancel out this sell idea.
Good trading.