We called the FTSE short at its all time high, we're short againThe FTSE100/UK100 has been showing signes of weakness although remaining at a high level.
Find the our initial short - arguably our trade of the year - in the linked trade
UK100 trade ideas
UK100 forming a bottom?UK100GB - 24h expiry
Price action looks to be forming a bottom.
Price action has continued to trend strongly lower and has stalled at the previous support near 7250.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 7350 will confirm the bullish momentum.
We look to Buy at 7280 (stop at 7230)
Our profit targets will be 7400 and 7430
Resistance: 7350 / 7420 / 7450
Support: 7300 / 7280 / 7250
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.
FTSE100 - Long Signal (Relief Rally)FTSE100 D1
Buy some came into play late last week, following the latest stock dump, we have since started to bounce following an upside gap, pushing as much as 1.7R, but sat at a current 1.3R.
Eyes on FTSE100, we may see a second attempt bounce from that 7265 support price. It's going to be a busy week, I can't stress that enough, with all the risk events, economic data and earning figures to come out, NFP, AE and UE figures Friday too.
FTSE at support FTSE reaching strong horizontal support
Place buy order at 7240-7250 , target 7670 , sl 7197
Intelligent Trading Academy - Short FTSE Daily Timeframe FXFTM Following our FX FTM strategy we see the FTSE heading lower to 7300/7250 level. Lots of macro data supporting the view for lower equites at the moment. Keep strict with your risk applications and proactive with your trade management.
FTSE Last drop before buying for the medium-term.The FTSE 100 Index (UK100) delivered a strong short-term buy signal last time we looked at it (see chart below):
The index has been since rejected twice on the Lower Highs trend-line of what is almost a year long Descending Triangle. We will wait for a test of the Support Zone, ideally when the 1D RSI tests its Higher Lows trend-line and buy for the medium-term. Our target is the 0.618 Fibonacci retracement level at 7535.
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UK100 to extend its losses?UK100GB - Intraday
Posted a Double Bottom formation.
A break of the recent low at 7328 should result in a further move lower.
Short term bias is bearish.
Trading within a Corrective Channel formation.
The lack of interest is a concern for bulls.
The bias is to break to the downside.
We look to Sell a break of 7319 (stop at 7369)
Our profit targets will be 7204 and 7184
Resistance: 7375 / 7400 / 7430
Support: 7322 / 7300 / 7260
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.
UK Short - Target 6500UK market failed to break resistance back into historical channel. Diamond top forming again.
Expecting move down, 7100 to fail and price to revert to support at 6500.
Best, Hard Forky
UK100 Bullish IdeaUK100 breaks its trendline and according to Dow Theory its trend and start making new higher high and higher low. RSI also have bullish divergence.
UK 100 - Trend Reversal - Bearish to BullishThe bearish parallel channel has been broken on 1H timeframe. Looks to be going bullish now. Trade safely with breakout of previous Lower High.
FTSE Elliott Wave Analysis for Tuesday 24/10/2023The FTSE is giving us difficult data to deal with. We are moving highly corrective and it is hard to forecast the next move. We will suspend the FTSE analyses for now. The next video will be made as soon as we have some clarity.
FTSE Elliott Wave Analysis for Friday 20/10/2023 (+ Higher TF)The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
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.
FTSE Elliott Wave Analysis for Thursday 19/10/2023The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
FTSE Elliott Wave Analysis for Wednesday 18/10/2023The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
UK100 D1 - Short from 7720UK100 D1
Lots of big daily timeframes here, swing positions are certainly looking attractive across and commodities, indices and FX.
7720 is our anticipated sell zone.
FTSE Elliott Wave Analysis for Tuesday 17/10/2023The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
UK 100 Depicting Weakness. Let's SHORT SELLUK 100 index has shown weakness on hourly chart this is further augmented by the Divergence on RSI indicator. To milk the opportunity a trade plan has been devised. So you may utilize the opportunity.
uk100 sell trade
- The UK economy is weighed down by the weak UK economic data, the dovish Bank of England (BOE), and the political and fiscal risks in the region. The UK inflation remains well above the BOE's target of 2%, while the growth outlook is clouded by the Covid-19 variants, the energy crisis, and the supply chain disruptions. The BOE is expected to maintain its ultra-loose monetary policy and its massive asset purchase program for longer, which would weaken the pound and reduce its yield advantage over other currencies.
- The US Dollar is boosted by the robust US economic data, the hawkish Federal Reserve, and the safe-haven demand amid the global uncertainty. The US inflation remains elevated at 3.7% year-on-year in September, while the growth outlook is supported by the fiscal stimulus, the vaccination progress, and the consumer spending. The Federal Reserve is expected to start tapering its quantitative easing program and raise interest rates sooner than previously anticipated, which would strengthen the dollar and increase its yield advantage over other currencies.
FTSE Elliott Wave Analysis for Monday 16/10/2023 (+ Higher TF)The higher timeframe gives us two equally valid scenarios. On the lower timeframe, it looks like wave X is finished and that we are working on wave Y as an ABC up.
