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UK100 trade ideas

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.
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by Eightcap
FTSE is the happiest place to be long?With the PBOC sticking to expectations and maintaining its Loan Prime Rates (LPR), commodity-related currencies experienced little volatility during the Asian session. Instead, the majority of the action was focused on GBP after the UK released its August CPI figures. Both headline and core CPI came in lower than expected, supporting the Bank of England's (BOE) less hawkish path. GBP fell against its major counterparts but has since recovered, particularly against the USD, JPY, CHF, and EUR. This opens the door for the FTSE to rise. For longs, I look at the 7700 area as a breakout retest.
OANDA:UK100GBPLong
by Vitezabraham
UK Stock Market Rises amid Inflation News According to data published this morning for August from the UK Office for National Statistics, the CPI index amounted to 6.7% in annual terms (expected 7.0%, value a month ago = 6.8%). That is, the data shows that although inflation remains high (above other G7 countries), the trend points to a slowdown. This is the 6th CPI value in a row that has either decreased or remained the same. However, there is still a long way to go before reaching the target values (a value of about 2% is considered normal). Here’s how markets reacted to inflation news: → depreciation of the GBP/USD exchange rate to another September low. The rate approached an important low at the end of May; → growth of the UK FTSE stock index (the 4-hour chart of which is presented for analysis). Bullish arguments: → news about declining inflation will help the bulls gain a foothold above the psychological level of 7,700 → the price is within the ascending channel (shown in blue). A confident return of the price to its upper half will indicate the strength of demand. Bearish arguments: → Level 7,700 still offers resistance. At the end of July, the bears won a landslide victory here. → Exceeding the July high may be just a false breakout. It is possible that after the initial positive reaction to lower inflation, market consensus will indicate that the fair price for the FTSE (UK100) index is still below 7,700. This will be similar to how the stock index of 50 European shares reacted to the ECB decision last week (quick exhaustion of bullish momentum followed by bearish momentum). Be prepared for a surge in volatility today at 21:00 GMT+3 amid the publication of news from the Federal Reserve. 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
FTSE 100 Technical OutlookFTSE 100 Technical Outlook In prior technical outlooks, we highlighted the importance of staying alert in sleepy markets, and last Thursday’s developments on the FTSE 100 serve as a prime illustration of this principle. Having spent the first half of the week coiled and consolidating, the FTSE burst into life on Thursday – breaking and closing above multiple levels of resistance and posting its biggest day of gains since March. Thursday’s rally was fuelled by the European Central Bank (ECB) confirming the end of its rate hike cycle. This fed into a surge in commodity prices which propelled the FTSE 100 higher as the index is heavily weighted towards energy and mining stocks. The rally brought the FTSE back to the levels it had reached during the summer swing highs—an area we had previously pointed out as a zone of resistance (refer to the chart below). On Friday, market participants reacted to this resistance by closing out positions in anticipation of the weekend. It's important to highlight that even though the FTSE has started the new week with a somewhat subdued performance, the prevailing short-term momentum remains bullish, thanks to the gains seen on Thursday. FTSE 100 Daily Candle Chart: Support S1 = 7,500 S2 = 7,370 S3 = 7,227 Resistance R1 = 7,724 R2 = 7,941 R3 = 8,045 UK Sector Snapshot Risk management: Support and resistance levels should be used as a guide and are not guaranteed to hold. We have a busy week ahead on the economic calendar, key events include; Eurozone inflation data on Tuesday morning, UK inflation on Wednesday morning, the Federal Open Market Committee interest rate announcement on Wednesday, and the Bank of England rate decision on Thursday. Disclaimer: This is for information and learning purposes only. The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.
CAPITALCOM:UK100
by Capitalcom
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.
PEPPERSTONE:UK100
by tradingwithanthony
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). ## If you like our free content follow our profile to get more daily ideas. ## ## Comments and likes are greatly appreciated. ##
CAPITALCOM:UK100Long
by InvestingScope
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