UK100 H4 | Rising into 38.2% Fibo resistanceUK100 is rising towards an overlap resistance and could potentially reverse off this level to drop lower.
Sell entry is at 7647.16 which is an overlap resistance that aligns with the 38.2% Fibonacci retracement level.
Stop loss is at 7700.00 which is a level that sits above a Fibonacci confluence i.e. the 61.8% retracement and the 100.0% projection levels.
Take profit is between 7564.00 and 7551.55 which is a pullback support that aligns close to the 50.0% Fibonacci retracement level.
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UK100 CFD
UK100UK100 was trading in strong bullish channel till the sellers took control from channel resistance and has given the massive sell rally. That sell rally break the ascending trendline.
Now the price is retesting the broken channel and broken support level with strong bearish divergence.
it seems like the sellers can attack again this bearish confluence.
If the sellers takes charge again, the next target could be 7400.
What you guys think of this idea?
UK100: Continuation watchToday's focus: UK100 Index
Pattern – Continuation Pattern
Support – 7629 - 7588
Resistance – 7720, 7916
Thanks for checking out today's update. Today, we have run over UK100, breaking down the overall price picture, levels, and patterns and incorporating moving average and RSI into the analysis.
The primary focus of today's look at the UK100 is the current uptrend, forming a new higher low in today's session. This continues to push the case for a new leg high from buyers. Resistance at 7720 is the first big test, and if we can see a new move up, this level needs to be cleared to break the current range.
If today's fightback from 7629 support fails, we could see a move that may try to retest the range base. We will be watching Price and mainly Buyers over the next several sessions to see if we get a breakout.
Good trading.
UK100 FTSE Technical Analysis and Trade IdeaIn this video, we undertake an extensive examination of the US100. In recent time frames, the NASDAQ has experienced significant bullish sentiment, leading to a substantial surge toward a crucial resistance level. Throughout the video, we explore the potential for a trade opportunity involving the FTSE. This analysis is based on a thorough evaluation of price action dynamics, market structure, prevailing trends, and a careful assessment of key support and resistance levels. It is essential to stress that the material presented is purely educational in nature and should not be construed as financial advice or guidance.
FTSE 100: Crossed over the 2023 Resistance. Key bullish move!FTSE 100 just crossed over the LH trendline that was the major Resistance for this year since February 16th. Technically it was the top of the seven month Descending Triangle that delivered rejections to the S1 Zone.
This breakout also crossed over the 1D MA200 turning the 1D timeframe overbought technically (RSI = 73.837, MACD = 28.900, ADX = 29.659). R1 (7,720) is where the Fibonacci 0.618 level is and is the next Resistance. If it closes a 1D candle over it, we will buy the breakout otherwise will wait for the first technical pullback near the 1D MA50 and buy. Either way, our traget is Fibonacci 0.786 (TP = 7,865).
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FTSE Buy signalThe FTSE 100 Index (UK100) is consolidating on the 1D MA50 (blue trend-line) for the 5th straight day. This is the first pause to the uptrend that started on the August 18 bottom, right on the 6-month Support Zone.
With the 1D RSI still not close to the overbought barrier and the 1D MACD on a Bullish Cross, this is the last bullish signal towards the Lower Highs trend-line. Our target is 7690, just below the Resistance Zone.
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uk100 daily overview of key s/r levels buy/hold trade🔸Hello traders, today let's update the 2daily chart for UK100. We are currently testing
weak s/r level near 7300, however I expect the level to break soon and more downside.
🔸Price was rejected off the highs recently and correction in progress now expecting
more losses until we bottom out near 6900, which is a great level to buy/hold for the bulls.
expecting a re-test of mirror s/r level at 7650 points, so this makes this a decent setup
on buy side (10% upside)
🔸recommended strategy bulls: wait for correction to complete near 6900, do not buy/hold
right now, since current s/r level won't hold (weak s/r level) and more losses incoming.
get ready to buy/hold low near 6900 points targeting mirror s/r level at 7650. 10% upside,
low risk entry on buy side. good luck traders!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
FTSE, Deviation then a drop?! UK100 / 4H
Hello traders, welcome back to another market breakdown.
FTSE is rallying back again above an old high which can be a run for stops.
I'll be looking for more confirmation with a clean invalidation if it comes back bellow the Mid.
Checkout the chart for the levels and my trigger plan for a swing trade.
Trade safely,
Trader Leo.
FTSE 100 - Market outlookThe UK stock market continues unstable dynamics against the background of an upward correction in the bond market, which even positive corporate reports cannot compensate for. Thus, the automaker Rolls-Royce Holdings plc recorded revenue growth to 6.950B pounds, exceeding the 6.059B pounds expected by analysts, and earnings per share of 0.0218 pounds compared to -0.0088 pounds earlier.
In turn, pharmaceutical giant Gedeon Richter Ltd. showed a steady increase in revenue to 203.78B forints compared to preliminary estimates of experts at 185.33B forints, while earnings per share amounted to 155.0 forints, which is also higher than the forecasted 143.0 forints.
Meanwhile, local growth is observed in the domestic UK bond market: 10-year securities are trading at a rate of 4.4305%, rising by 1.22% relative to Friday's close, and conservative 20-year ones are trading at 4.678%, adding 1.63%. The upward dynamics is also recorded for 30-year bonds, which are currently held near the key yield level of 4.621%, rising by 1.13% since the beginning of trading.
FTSE Ahead of a major bullish break-out.The FTSE 100 Index (UK100) is consolidating above the Support of the 1D MA200 (orange trend-line) with the 1D RSI at 66.250. This is the symmetrical level is was trading at during the November 04 - 09 2022 consolidation. Both near the 1.5 Fibonacci extension level.
That fractal eventually broke upwards, hit the Lower Highs trend-line (the dominant Resistance) and extended to Fib 2.0 even marginally surpassing the Resistance of the last Lower High.
We are going long on that buy signal and target the 7900 (Fib 2.0).
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uk100 daily swing trade setup tp bulls +765 points🔸Hello traders, today let's review the daily chart for UK100. Recently solid gains and we
re-tested the ATH however correction/pullback in progress now. rejection near 7900.
🔸This is a setup based on repeat price fractal. 7615 heavy resistance overhead, right now
we are trading at 7265, pullback in progress and expecting further losses this week/next week.
key supports / reload zones for bulls below: at 6850 and 7000. expecting correction to
complete in 1-3 weeks and then we should be ready for a bounce play.
🔸recommended strategy bulls: wait for pullback/correction to complete near
reload zones and be ready to buy low. SL fixed at 6750. TP1 +400 TP2 +765 points
final TP bulls is 7600/7615. swing trade setup / patience required. good luck!
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
FTSE, An opportinity for a lower high setupUK100 / 4H
Hello traders, welcome back to another market breakdown.
FTSE has been reversing making new lows, the price is in pull-back mode now which is an opportinity to get on the current trend. I'll be studying a position around the sell zone showen
on the chart.
Trade safely,
Trader Leo.
FTSE 100 Drops Below June LowEarlier we wrote about the reasons for the weak behavior of the UK stock market.
Firstly, it is the highest inflation among the G7 countries.
Yesterday JP Morgan analysts suggested that the base rate in the UK could be raised to 7% under certain scenarios. And the likelihood of a hard landing for the British economy next year is rising due to the impact of rising borrowing costs on business confidence and rising unemployment.
Secondly, this is a decline in commodity prices, which is important for the FTSE 100 index, where the share of oil and mining companies is relatively large. Commodity prices reflect expectations of a global economic growth outlook that has been overshadowed by news from China. There, according to the latest data, activity in the services sector in June grew at the slowest pace in 5 months.
At the same time, the FTSE 100 chart gives hope to the bulls, as the price of the index is at the level of the lower line of the descending channel (shown in red), which, it is possible, will show support properties for the FTSE 100, which may lead to a slowdown in the fall or even a short-term rebound.
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UK 100 FORECAST Hi there,
Looking at UK100 index which is approaching a MAJOR support level OB.
Uk100 has currently wicked some liquidity below the Lows of 1 june and forming some bullish hammer candles. But we want to see some big hammer candle or bullish engulfing candle to enter for longs as well as change of character on the trend.
4hr time frame = bearish
1hr time frame = bearish = shorting between from 7530 or 7500 range to major support
15mins time frame = bearish = shorting from 7500 to 7450
daily frame = 100pts from major support.
RSI showing small convergence.
UK100 to find sellers at psychological level?UK100 - 24h expiry
The current move lower is expected to continue.
Short term RSI has turned negative.
Rallies continue to attract sellers.
Risk/Reward would be poor to call a sell from current levels.
A move through 7425 will confirm the bearish momentum.
We look to Sell at 7500 (stop at 7525)
Our profit targets will be 7425 and 7400
Resistance: 7475 / 7500 / 7525
Support: 7450 / 7425 / 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.
FTSE Opens with Bearish Bias: Potential for New Bearish ImpulseToday, the FTSE kicked off the market with a bearish bias, as indicated by its opening. After retracing and testing the previous resistance area near 7680, the value of the FTSE appears to have encountered resistance from a dynamic trendline within a broader bearish downtrend. This suggests the possibility of a new bearish impulse taking hold today. It will be interesting to observe how this index performs in the coming days as market conditions unfold.
UK100 to stall at previous resistance?UK100 - 24h expiry
Previous support located at 7550.
Previous resistance located at 7600.
Trend line resistance is located at 7630.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
We look to Sell at 7630 (stop at 7660)
Our profit targets will be 7530 and 7525
Resistance: 7600 / 7630 / 7650
Support: 7550 / 7530 / 7500
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.