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UK100 CFD

FTSE has broken out of a channel - Looking to sell a re-test. UK100 is Bearish - We look to Sell at 5867 ▪️ Broken out of the channel formation to the downside. ▪️ We have a 38.2% Fibonacci pullback level of 5872 from 6209 to 5664. ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5867, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 5917 Target1: 5637 Target2: 5530
FOREXCOM:UK100Short
by Signal_Centre
UK 100 FTSE CFD Live Price Chartthe UK 100 CFD is an index-based contract for difference, tracking the price move of a basket of 100 of the largest UK companies. It can be a more cost-efficient way of having market exposure to UK companies than trading individual shares. The UK 100 CFD is based on the London-quoted FTSE 100 Index, which is a good proxy for the broader UK market. The FTSE 100 Index tends to do well when the UK economy is growing and when consumer spending is on the rise. Live moves of the FTSE 100 can be followed in a daily price chart.
OANDA:UK100GBPLong
by CeoCodes
2
UK100 - Breakout Imminent?Recent price action in the FTSE 100 has certainly been encouraging but it may be a little early to celebrate. The pull back a couple of weeks ago was very brief and never really gathered any momentum. Moreover, broadly speaking price never held below the 55/89 simple moving average band on the 4-hour chart, which could be viewed as bullish. Since then we've seen a series of higher lows and the index has broken and held above the 200/233 SMA band, another bullish signal, as it's traded below here since 20 January - surviving a few tests along the way - and we all know what followed then. If the index can break 6,000 then any hope of a test of 5,450 - 50% retracement of lows to April highs - may well be lost and the bullish buzz may once again kick in. This is a huge earnings week for the US, the next 48 hours or so of which will be pivotal. If stock markets can get through that unscathed, even encouraged, it could be the catalyst for another strong rally, with 6,200 being the next test but 6,500 the next key level.
OANDA:UK100GBP
by OANDA
FTSE Triangle pattern breakout oportunityOANDA:UK100GBP [/symbol Triangle breakout opportunity several indications on eminent breakout - Last two weeks candles closed bearish hanging man - Seems like we finaly reached the end of this triangle patter build up - Macd divergency - RSI divergency it can go either way but the last two week candles combined with the MACD & RSI divergencies indicate a possible breakout on the short side. The fundamentals are also no good so we have a good oportunity here to set up our shorts long. Strategy: - wait for confirmation of the breakout and possibly a retest - Place small position for long target Profit2 - Place a normal position aiming the Profit1 target
FX:UK100Short
by Hybriss
UK100 - Late Rally Changes Nothing (Yet)We've seen a bounce in the UK100 in the final hours of trading on Monday but I'm far from convinced this changes the near-term outlook for the index. Firstly, the MACD and stochastic on the 4-hour chart don't suggest there is enormous momentum behind the move, even if it is still early on. Secondly, no key resistance levels have been broken. Of course, there's plenty of time for this to happen but until it does, this is still a chart that looks vulnerable to the downside. Should the downside materialize, the same levels apply, with 5,500 being the first test and 5,350 below looking an important level. As far as the upside goes, small gains don't change the outlook unless we see a clear break of 6,000. This would wipe out the previous highs and break the 200/233 simple moving average band in the process, at which point the outlook would look much more bullish. At this point, 6,200 would appear to represent the next test for the index, with 6,500 being a major level above.
OANDA:UK100GBP
by OANDA
UK100 - Bear Market Rally or Market Bottom?It's been quite a 24 hours in stock markets, with risk appetite suffering due to a combination of factors including earnings and global recession warnings. This was always going to test this new-found bullishness in the markets. As always, these may have been the catalyst for the sell-off but there will be other underlying factors as well. For example, just prior to stocks turning red, the Dow has made up 50% of those remarkable losses incurred in late February/early March and peaked around 24,000. It's not altogether surprising that this was viewed as a good time to take some cash off the table, especially going into an incredibly unpredictable earnings season. Whatever the reason, the break of the trend line suggests the near-term trend has shifted and stocks may come under a little pressure. The 55 and 89 SMA band on the 4-hour chart could be an interesting first test, coinciding with prior support and resistance, potentially even triggering a little retracement to the upside. But if that's all it is - and I suspect it may be - the real test lies around 5,350. This is the 50% retracement level of the move from the lows to this week's peak and could tell us whether this is a bear market rally or a bottomed market with strong upside potential. A break of 50% doesn't confirm the former, it should be stressed, but it would certainly strengthen the case. Below here 5,200 will be interesting (61.8%).
OANDA:UK100GBP
by OANDA
6,000 a Huge Hurdle For the FTSEStock markets have been on a good run since late March, with the FTSE bouncing back around 20% from its lows to within a whisker of 6,000. The rally looked to be running out of steam around 5,800 but a late surge on Thursday, backed by momentum, quickly changed that. Unfortunately though, we've since seen a bearish engulfing pattern on the 4-hour chart which begs the question, is 6,000 a step too far? Is there really good reason to be this optimistic as we head into the most horrific earnings season in years, probably decades? The momentum indicators will be key for me here but a break would send a strong signal and suddenly 6,200 doesn't look too far away, where it found resistance last just over a month ago. The big level above here though is 6,500. That may be a step too far at this stage, although a lot of bad news seems to be priced in - based on the free pass the horrible data we're seeing is getting - and there is an unprecedented amount of stimulus floating around this system. The usual rules may not apply. Earnings season will be the true test of this. A break below the rising trend line (granted - only two touches, but useful none-the-less) may signal that some profit taking has kicked in and patience is needed. If so, that's fine, it's been an impressive rally under these extreme circumstances.
OANDA:UK100GBP
by OANDA
UK100GBP technicaly based forecast 📌Short intro: I am full time trader - analyst * High accuracy of ideas * Technicaly and Fudnamentaly side in analysis * Comment if have any questions or want to send support * Price action - FIBO - Candl pattern * FX - STOCK - CRYPTO * Simple ideas 💡 UK100GBP technicaly based idea, technicaly indicators showing we can expect higher push up in price, we can see strong bulish candels formed, technicaly picture good, expecting to see push in price till FIBO 0.6 📌Have on mind, trading involves risk, check idea on your own tactic, if have questions pls comment! Thanks on supporting! All best, good luck!
OANDA:UK100GBP
by UnknownUnicorn3983388
UK 100 | Bearish FlagPlease support this idea with LIKE if you find it useful. Price formed a Bearish Flag and was rejected of the higher boundary of the Pattern. In case there is a breakout of the Mid line of the pattern we can initiate a short position. Also if there is a breakout of Bearish Flag to downward we can initiate a short position Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate. No single analysis is. To make a decision follow your own thoughts. The information given is not a Financial Advice.
TVC:UKXShort
by Anpu
1