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UKXGBP

UK100GBP support has been clearly broken.UK100 - 24h expiry Short-term bias has turned negative. Our bespoke support of 7600 has been clearly broken. Previous support at 7610 now becomes resistance. Short-term momentum is bearish. Posted a Double Top formation. 50 4-hour EMA is at 7608. We look to Sell at 7609 (stop at 7659) Our profit targets will be 7484 and 7454 Resistance: 7590 / 7610 / 7650 Support: 7540 / 7490 / 7460 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.
OANDA:UK100GBPShort
by OANDA
Joe Gun2Head Trade - Fading FTSETrade Idea: Selling FTSE Reasoning: Initial rejection at 7493 Entry Level: 7468 Take Profit Level: 7375 Stop Loss: 7498 Risk/Reward: 3.06:1 Disclaimer – Signal Centre. Please be reminded – you alone are responsible for your trading – both gains and losses. There is a very high degree of risk involved in trading. The technical analysis , like all indicators, strategies, columns, articles and other features accessible on/though this site is for informational purposes only and should not be construed as investment advice by you. Your use of the technical analysis , as would also your use of all mentioned indicators, strategies, columns, articles and all other features, is entirely at your own risk and it is your sole responsibility to evaluate the accuracy, completeness and usefulness (including suitability) of the information. You should assess the risk of any trade with your financial adviser and make your own independent decision(s) regarding any tradable products which may be the subject matter of the technical analysis or any of the said indicators, strategies, columns, articles and all other features.
FOREXCOM:UK100Short
by Signal_Centre
FTSE 100 (UKX) | The best target for correction🎯Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. It should be said that this symbol has entered a new phase and this is a descending phase. But in the definition of the previous trend, three waves are formed in a zigzag pattern, the last wave of which, the c wave, is explained. This c-wave formed its leading waves in the form of a channel and in the shape of a triangle, and we said that this structure is completed when the purple trend line and the bottom of our channels are broken down, and this happened. Now, based on our count, we have formed five waves, which we recognize as wave 1 or wave a, depending on the continuation of the process. We are now waiting for the correction of this wave, which is confirmed by breaking the trend line and the green circle, and then continues to make a wave as small as the current wave. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:UKX
by mahdisoltaninjad
FTSE 100 (UKX) | The best places to start a downtrend🔥Hello traders, FTSE 100 (UKX) in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. All of these counts correspond to a b wave at a higher time. This wave b is formed in the form of a zigzag and from this zigzag the waves a and b are finished and the wave c is being formed. From wave c, the microwaves 1, 2, 3, and 4 are formed in the form of a channel or triangle, and we assume that wavelet 5 is in wave c, and this wave is around Fibo 1.00 relative to wave a, and probably a sideways process for roofing is formed in this range. . Either in the same range after the formation of the other two waves ends or after colliding with the upper side of the channel. The descent will be confirmed when the channel floor and the red circle are broken. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
TVC:UKXShort
by mahdisoltaninjad
2
UK Bullish - Validated trend lines?Hi, folk were too bearish hence my abandonment of my bearish scenario and placement of these bullish trend lines pre-US election. The push up seems to have put many traders onto the wrong side of the trade. These lines look valid, check out how they may be confirmed by the last few weeks of price action at the higher end of the channel. It's still looking bullish to me. There is always a potential for it to snap back I'm not expecting this (at least until March).Next event to trigger a move will be the EU Deal. This of course will be done but my expectations are: - Deal may keep UK in range if not further decline - No Deal potential to drive market to previous highs and beyond I'm not a fulltime trader and not in a informed position to be making calls about the UK market but been looking at charts long enough to read the markets. Best, Hard Forky
TVC:UKXLong
by hardforky
UKX Another drop is imminent as BREXIT deadline is approaching UKX After the pandemic drop UKX is managed to gain back some of the earlier loses incurred during the initial nation wide lock down period. After the easing of general restrictions and the hope of for economic recovery was started and UKX managed to rebound towards 6400.00 level. And the .50 Fibonacci retracement level is acting as major barrier for the bullish trend. As the deadline for BREXIT talks nearing the positive and the negative statement from both the parties will heavily weigh on UKX index. I am expecting that it will fall towards the Lower channel trend line where it will meet 5500.00 level which is a .786 Fibonacci level. We can see a series of Higher low lower low and lower high pattern which is a clear sign of bearish trend. As the risk off mode kicks in the market the Global indices are eying the south
TVC:UKX
by forexorbit
#UKX ANALYSIS.. FOLLOW THE PATTERN!.. I think that there will be a long-term correction wave in the global markets on a macro scale, in this context, I think we will observe a pattern in #UKX as I mentioned in the chart.. Markets will become very interesting after 3,4 months, we will wait and see.. What I wrote is about strong possibilities that most investors do not express or expect.. Please do your own due diligence when it comes to trading.. Invest at your own risk.. I wish you all the best..
TVC:UKXShort
by OguzhanSengor
2