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Ftse100forecast

FTSE 100 forms bullish signalThe FTSE is among a handful of major global indices signaling a rebound in the stock markets following this week's earlier selling pressure. The UK benchmark index broke below a well-established support level around 8110 area on Thursday, before quickly recovering to rally into the close. The false breakdown marks a key reversal pattern and especially as the index ended up with a hammer candle on the daily chart, rising above the 21-day exponential moving average. Today, the FTSE is rising above the trend line of its triangle continuation pattern to the upside. A close above it would be bullish. Yesterday's high at 8228 is now an important short-term support level that needs to hold. By Fawad Razaqzada, market analyst at FOREX.com
FOREXCOM:UK100Long
by FOREXcom
2
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.
PEPPERSTONE:UK100Short
by tradingwithanthony
FTSE 100 Stock Index trading near top end of the price channelSqueezed UK retail sales fell hard in September, higher cost of living hitting the pockets of consumers UK recent economic data highlights The drop in UK retail sales indicates that consumer spending slowed in September; actual -1.4% vs -0.3% forecast Highlights little signs UK household spending to pick up soon as higher prices push consumers to become more careful about spending FTSE 100 Stock Index trading near top end of the downward price channel UK100 Index: current price remains vulnerable towards the downside, although price has traded slightly stronger since touching the 52-week low at 6,713 last week momentum indicators seem to suggest further price weakness ahead for the index Scenario (a) Price fails to consolidate above it’s 10-day very short term moving average around (6,900) which exposes a re-test of last weeks low near 6,713, and if the 52-week low fails to hold a further extension lower towards 6,400 (2.618% lower extension from the August highs - September lows) (b) Price breaks out of the downward price channel (chart 1) and makes a move toward the upper 7,180 resistance
SKILLING:UK100Short
by Skilling
SHORT FTSE 100Short FTSE 100 @ 7450 TP: 6900 SL: Around 7700 The UK has many problems involving the PM, energy, cost of living crisis, recession, inflation and a devaluing currency. Normally GBP weakness was beneficial for the equity index however, the correlation has broken down. THE BOE has admitted that we face 5Q's of recession ahead and I cannot see how that is positive for stocks. I have therefore sold into this rally and will look for sub 7k lvl to TP. This trade could take a few months but I am happy to sell into this rally. Good luck! ;)
FShort
by WhosPipsAreTheseAnyway
2
FTSE 100 doesn't appear to getting a v-shape recovery Over the last few days the FTSE has been ranging between 6,500-6,000. Monument (RSI) looks mild, and the 9 day average is right in the middle of the candle. The FTSE has jumped is above the bearish support which is a good sign, but it's too early to know if it's a fakeout or a breakout. This market is going to need some good news to break above the 6,500 range, maybe that will be provided by the Bank of England tomorrow, or the politicians by announcing some new job scheme. What is clear in the charts is that the UK is not currently pricing in a V shape recovery, prices are way off their all time highs with price consolidating. BP, BA, Land Rover and many other UK firms have announced huge job cuts, the current about of job variances are at record lows, all bad long-term signs for the UK economy and the FTSE100. The markets need stimulus from central banks and politicians, maybe they will get that later this week, otherwise there could be more pain to come in the coming weeks. If you enjoy my macro outlook on the FTSE, and have any comments, below leave them below, and give me a follow as I focus on other market such as gold, bitcoin, oil and the S&P.
TVC:UKX
by BangkokCharts
2
FTSE cleared the recent high of 7582. What's next?FTSE 100 had a solid green candle on 27 December 2017 when the market re-opened and it closed at 7620.70 which was above the previous high of 7582.90 on 7 November 2017. Investors like you may be wondering this index in the near term. From a technical outlook, it would appear that the index has a near-term bullish bias since it made the low of 7288.70 on 1 December 2017. Based on our forecast, if the bullish momentum continues, we could potentially see the index text 7660-7675 range and if the price surpasses this range, the index could potentially be testing the next level of resistance at 7790. On the other hand, should there be any retracement of the index, we will revisit the chart and provide our updated forecast to the downside targets when the index closes below 7582.90 which was the high on 7 November 2017. We have set an alert on 7582.90 and watch this index very closely. Good trading NinjaSingapore 28 December 2017 DISCLAIMER Our research materials are provided for information purposes only. They should not be used or considered as an offer to sell or a solicitation of an offer to buy any securities. The research materials are prepared for general circulation and general information only. They do not take into account the specific investment objectives, investment knowledge and experience and financial situation of any recipient. Investors seeking to buy or sell any securities discussed or recommended in our research materials, should seek independent financial advice relating thereto and make his/her own appraisal of the tax or other financial merits of the investment. Any opinions expressed are subject to change without prior notice. Our research materials are based on information from various sources believed to be reliable. Although all reasonable care has been taken to ensure that such information is not misleading, we make no guarantee, representation or warranty, expressed or implied as to its accuracy, adequacy or completeness. We do not accept any liability whatsoever for any direct, indirect or incidental, special or consequential loss of any kind arising out of the use or reliance on the information in our research materials.
TVC:UKX
by NinjaSingapore