UK100 Bounced Off Support, Potential For Further Rise!UK100 has bounced off its support at 6675 (50% Fibonacci retracement , horizontal swing low support) where it could potentially rise further to its resistance at 7152 (100% Fibonacci extension , 38.2% Fibonacci retracement , horizontal swing high resistance). Stochastic (55,5,3) has bounced off its support at 8.7% where further rise could occur.
UK100 CFD
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6685 (50% fibonacci retracement, 61.8% fibonacci extension, horizontal swing low support, descending support line) and a strong bounce might occur above this level pushing price up to our major resistance at 5949 (100% fibonacci extension, 50% fibonacci retracement, horizontal pullback resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UK100 Approaching Resistance, Potential Reversal!UK100 is approaching its resistance at 6865 (61.8% Fibonacci extension, 23.6% & 38.2% Fibonacci retracement, horizontal overlap resistance) where it could potentially fall to its support at 6717 (horizontal swing low support).
Ichimoku cloud also shows signs of bearish pressure that contributes to our bearish bias.
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6920 (61.8% Fibonacci extension, 78.6% Fibonacci retracemen, horizontal swing low support) and a strong drop might occur below this level pushing price up to our major resistance at 7205 (100% Fibonacci extension, 38.2%, 50% Fibonacci retracement, Horizontal overlap resistance).
Stochastic (34,5,3) is also approaching support and we might see a corresponding bounce in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
UK100 approaching support, potential bounce! UK100 is approaching our first support at 6920 (61.8% Fibonacci extension, 78.6% Fibonacci retracement, horizontal swing low support) and a strong bounce might occur above this level pushing price up to our major resistance at 7220 (100% Fibonacci extension, 38.2%, 50% Fibonacci retracement, Horizontal overlap resistance).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
UK banks outperform FTSE 100 before stress test resultsUK banks outperformed the benchmark for UK shares during the rout in global stock markets that began in October. UK bank share prices are down over the past two months, but by less than the FTSE 100 index.
Positive expectations for stress test results have played a role in limiting the damage to UK bank shares.
UK100 Approaching Support, Potential Bounce!UK100 is approaching its support at 6860 (23.6% Fibonacci retracement , horizontal swing low support) where it could potentially bounce to its resistance at 7193 (100% Fibonacci extension , 38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is approaching its support at 8.7% where a corresponding bounce could occur.
UK100GBP approaching support, potential bounce! UK100GBP is approaching our first support at 6921.2 (horizontal swing low support, 78.6% fibonacci retracement, 61.8% fibonacci extension) and a strong bounce might occur above this level pushing price up to our major resistance at 7225.1 (horizontal overlap resistance, 38.2%, 50% fibonacci retracement, 100% fibonacci extension).
Stochastic (89,5,3) is also approaching support and we might see a corresponding bounce in price should it bounce off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
UK100 approaching resistance, potential drop! UK100 is approaching our first resistance at 7225 (horizontal overlap resistance, 38.2%, 50% fibonacci retracement, 100% fibonacci extension) and a strong drop might occur pushing price down to our major support at 6921 (horizontal swing low support, 78.6% fibonacci retracement, 100% fibonacci extension).
Stochastic (34,5,3) is also approaching resistance and we might see a corresponding drop in price should it react off this level.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
UK100 Approaching Support, Potential Bounce!UK100 is approaching its support at 6860 (23.6% Fibonacci retracement, horizontal swing low support) where it could potentially bounce to its resistance at 7193 (100% Fibonacci extension, 38.2% Fibonacci retracement, horizontal swing high resistance). Stochastic (55,5,3) is approaching its support at 8.7% where a corresponding bounce could occur.
UK100 Approaching Resistance, Potential ReversalUK100 is approaching its resistance at 7235 (61.8% Fibonacci extension, 50% Fibonacci retracement, horizontal pullback resistance) where it could potentially fall to its support at 7044 (50% Fibonacci retracement, horizontal swing low support).
Stochastic (55, 5, 3) is approaching its resistance at 97% where a corresponding reversal could occur.
UK100 Testing Support, Potential Bounce!UK100 is testing its support at 6870.5 (61.8% Fibonacci extension, 76.4% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 7236 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) bounced off its support and a bullish divergence with price has been identified.
UK100 Bounced Off Support, Potential To Rise Further!UK100 bounced off its support at at 6873 (61.8% Fibonacci extension, 76.4%, 50% & 38.2% Fibonacci retracement, horizontal swing low support) where it could potentially rise to its resistance at 7236 (50% Fibonacci retracement, horizontal pullback resistance).
Stochastic (55, 5, 3) bounced off its support at 2.7%.
UK100 Possible Inverse H&S 1hr long setup [BTFD]just an idea
buying the likely dip
if price goes under 6993 then the pattern will be invalid
there is some bullish divergence growing
if it breaks the neckline we can get a probability of going further upwards in price and using the moving averages or fib levels to exit quickly and use the LT velocity indicator for the stoploss, which is that last little green dot to the left of the right shoulder
not many hours left in this market week, possible late rally here, good trades to you all
FTSE Testing Support, Potential Bounce!UK100GBP is testing its support at 7231 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal swing low support, channel support) where it could potentially bounce up to its resistance at 7423 (61.8% Fibonacci retracement, horizontal overlap resistance).
Stochastic (55, 5, 3) is testing its support at 3.1% where a corresponding bounce could occur.
FTSE UK Stock Index (18 Sept 2018) This will be my views of FTSE UK Stock Index (18 Sept 2018)
Please make sure to read the "update" comment as there will be changes along the way.
Cheers.
S0nic
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UK100Unum Capital: Technical Trade Ideas - FTSE100 and GBPUSD
Dear Trader
This morning the UK's FTSE 100 Index Future and GBP/USD feature among my trade ideas.
FTSE 100 Index Future (Buy/Long)
Over last few weeks the British Pound has rallied on the back of positive developments in the UK around Brexit. We have also seen some positive data being released which include: (1) GDP higher by 0.6% as well as (2) average earnings including bonuses increasing by 2.6%. While this has been positive for the currency, the FTSE has come under pressure as a result of large capitalization multi-nationals being dragged down as earnings and revenue expectations diminish on the back of a stronger Pound.
With the index now looking oversold and finding support on the channel trend line and at the 61.8% Fibonacci level, traders could look to take a buy/long position on a potential rebound.
These are the trade levels:
Buy/Long FTSE100 Future at current levels 7280
Stop-loss: 7235
Take Profit Target: 7400