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UK 100 CFD

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UK100CFD trade ideas

Trials for the UK Stock Market ContinueYesterday, the head of the Bank of England, Andrew Bailey, spoke about the need to complete the work on suppressing inflation, which is now higher than in any other major country in the West. Market participants expect that at the next meeting of the Bank of England (it will be held on August 3) a new increase in interest rates will be announced. Bailey's last words boosted the value of the pound, which set a year high against the US dollar this morning. On the other hand, the stock market is dominated by negativity. The price of the FTSE 100 index is near the low of the year, while providing evidence of bear dominance for a long time: → level 7,680 has ceased to be a support, and has already worked as a resistance; → the level of 7,450 has ceased to be a support, and, perhaps, will continue to provide resistance; → having reached support around the level of 7,230, the price has not yet shown signs of a confident recovery over the past four trading sessions. This suggests that selling pressure is present and could push the FTSE 100 price down to the low of the year that was set on March 20th. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:UK100
by FXOpen
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! 🎁Please hit the like button and 🎁Leave a comment to support our team! 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.
CAPITALCOM:UK100Long
by ProjectSyndicate
27
Turmoils in the UKThe British benchmark index is in a rapid decline. However, the market tends to simply "slip through" only in exceptional conditions, which I do not currently see in the overall market. There is a chance that there will be a short-term reversal at the March 2023 lows . We place the SL a bit below the low so that we get a reasonable CRV of 3:1 . In the longer term, it is likely that the FTSE will head for the area around 6,850 . There is a lot of liquidity down there and it wants to be cleared. Therefore, there is also a short setup in the chart.
TVC:UKXLong
by Ochlokrat
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. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:UK100
by FXOpen
1