UK100 on SupportUK100 on support and 50% retracement on FIB level, we can see buy trade fron here.
Manage risk accordingly to your appetite.
UK100 trade ideas
FTSE-100 : SELLERS TAKE CONTROL- The market is trading above a bullish trendline since February-2024 ; the long-term trend is then bullish.
- However, recently the upcoming general election has risen a lot of uncertainty in the UK.
And with such a blurry political outlook, many investors have chosen to readjust their portfolio's exposure, which led to a pull back in prices.
This pull-back led the market back to its mid-term bullish trend line for a fifth impact.
The RSI indicator has already broken-out its own bullish-trend line, confirming that sellers are now in control.
Both moving averages have registered a bearish cross and reversal, which also supports the case of a bearish continuation.
- The anticipated bearish break-out registered by the RSI, combined with the current political uncertainty, tends to allow us to expect the bullish trend to be invalidated soon.
We expect the market to remain volatile on the short-term basis, while next support levels can be located around 8,075pts, 4,945pts and 7,820pts by extension.
Pierre Veyret, Technical Analyst at ActivTrades.
The information provided does not constitute investment research. The material has no been prepared in accordance with the legal requirements designed to promote the independence of investment research and such is to be considered to be a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
UK100 FTSE100 - ABC Correction Uderway?Hello Guys,
The yearly Candle is slightly Bullish - but we did not see a break on a closing base of the crucial 7900 area -> ATH.
A Retest of this area would constitute a Bullish setup - which I would be happy to be part of after the last rallye.
Q2 Close - Doji -> might see a consolidation phase from here with a sideways to down mentality - considering the recent gains the bulls had.
The monthly Bias is Bearish. A Bearish Engulfing Pattern (Although a small one) has been formed. The Stochastic confirms a Bearish Bias - not totally contradicting the higher Timeframes! So Bulls be prepared for some drop… Just an idea from my side. A Double Top at 8400 would be a strong sign of Bears being back.
-> For the bulls 7900 has to hold - for the bears 8400.
Thats all for now…
Thanks for reading
Bearish drop?UK100 is rising towards the pivot which acts as an overlap resistance and could potentially drop to the 1st support which has been identified as a pullback support.
Pivot: 8,221.18
1st Support: 8,135.01
1st Resistance: 8,281.68
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
UKX.X heading down?Monthly chart of UKX.X from inception.
Price is rejecting the upper channel line having completed 5 waves.
Down would seem to be more likely than up at least for now.
FTSE 100 Trade Plans UpcomingThe UK major stock index (FTSE100) has seen sustained falls over a reasonable period of time.
Currently there is no strong case for up moves, and similarly down moves. However, It is ranging to the downside on a slightly more 'unsure' outlook, as summarised by the technicals drawn.
1. Tech bias illustrates losing of value and a push to lows that ultimately may break on continued pressure.
2. Sentiment shows no real growth outlook and slight risk off view.
UK100 - Looking To Buy Pullbacks In The Short TermH4 - Bullish divergence
Downtrend line breakout
Bullish trend pattern
Until the strong support zone holds I expect the price to move higher further after pullbacks.
FreakFriday - FTSE 100 possible correctionExpected today was UK retail sales data, which rose 2.9% in the previous month. April's decline of -1.8% during a period of heavy rain on the island kept customers away from the stores, according to the UK's Office for National Statistics. The expected forecast was for a positive correction of 1.5% according to surveys but this has been far exceeded. Also important has been the factor of inflation, which had been very high until the previous month and returned to the right direction of the Bank of England after 3 years above the 2% target, which nevertheless remains high at around 5.7%. Add to this the increase in the average wage value versus inflation rate and consumer confidence appears to be recovering to 2021 values, according to the LSEG/Ipsos Primary Consumer Sentiment Index - PCSI survey which came in at +53.0 on Thursday, one of the oldest measuring indices started in 2010.
Adding to what has been said yesterday, hopes of possible election rumors, it is believed that a landslide victory for Labour against the Tories, who claim to hold the key to rebuilding growth and carefully managing the state's coffers, currently heavily burdened with debt, may be in the offing. This would be a turnaround from 2016's Brexit and former Prime Minister Liz Truss's skeletal mini-budget for 2022 that hasn't been varying much. It is clear that if Labour wins rate cuts are looming to shrink debt and prop up the price of the pound and the search for stability in economic policy. UK fund managers seem to be hopeful of this, and it is believed that equity and credit valuations in the UK do not yet reflect the good that is to come, which would affect a better government bond rating, because of the tail risk that the Tories currently have with their fiscal policy, but it must also be understood that the 47.5 billion plus owed by the UK to Europe is not paid overnight and it was clear that there was going to be an economic impact. Some analysts believe that the reputation of increasing taxes and public spending may negatively affect bonds, because public finances are not in good shape. Nevertheless, two-year bonds fell to their lowest level after the BoE's decision according to LSEG, and this has caused them to outperform U.S. and European bonds due to those releases. It is possible that once the election factor is removed the UK's idiosyncratic risks and persistent inflation will facilitate a period of greater stability.
Today being the Quadruple Witching Hour also known as Freak Friday where the quarterly maturities of futures and options on indices and stocks occur, with historical records in most of the equity markets, investors have reached Thursday with portfolios that recorded significant capital gains, hence, also warns the risk of a possible profit taking or at least put the brakes on the positions. And that is why today the markets are starting the morning in the red.
If we focus on the FTSE 100 in London, we have witnessed since May 15 how the price corrected from the highs at 8,492.21 points, again the index tried to recover strongly the price to 8,371.41 points and then we have seen how since the beginning of the week an upward movement began. Currently the price zone of 8,260 points is considered overvalued and the RSI has marked an overbought signal at the beginning of the session, so it would not be unusual for the index during the summer period to begin a corrective period coinciding with the elections in the direction of its last support at 8,107.97 points. If the market remains in this bullish cloud, it is likely to retest the second resistance prior to the highs, where we will see if the market continues to support the index shares with the same strength or not.
Ion Jauregui - ActivTrades Analyst
*******************************************************************************************
The information provided does not constitute investment research. The material has not been prepared in accordance with the legal requirements designed to promote the independence of investment research and such should be considered a marketing communication.
All information has been prepared by ActivTrades ("AT"). The information does not contain a record of AT's prices, or an offer of or solicitation for a transaction in any financial instrument. No representation or warranty is given as to the accuracy or completeness of this information.
Any material provided does not have regard to the specific investment objective and financial situation of any person who may receive it. Past performance is not reliable indicator of future performance. AT provides an execution-only service. Consequently, any person acing on the information provided does so at their own risk.
UK100 15 - ABCD Emerging : an hour agoABCD Fibonacci pattern identified at 6/19 03:00.
This pattern is still in the process of forming.
Possible bearish price movement towards target
levels ranging from 8,204.01 to 8,155.19 within the next 3 hours.
Expiry Date/Time: 6/19 06:40
UK100Me looking into this index, this looks like a potential triangular pattern... with a potential zone that can give us wave E as an entry.
Potential bullish bounce?UK100 is falling towards the pivot which has been identified as an overlap support and could bounce to the 1st resistance.
Pivot: 8,094.06
1st Support: 8,003.06
1st Resistance: 8,245.38
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
UK100UK100 is in strong bearish trend.
As the market is consistently printing new LLs and LHs.
currently the market is retracing a bit after last LL, which is 50% Fib retracement level and local support as well. if the market successfully sustain this selling confluence the next leg lower could go for new LL.
What you guys think of this idea?
UK-100 beraish trend continuation-Short sell callUK-100 is in perfect bearish channel making LH's & LL's, currently going to test its immidiate resistance at 8250 which is 50% fibnachi retracement too.We can go for short at said level with Stop loss at previous LH which is 8270.
FTSE on a 1-month correction. Is it over?Great display of compliance to technical dynamics by FTSE 100 (UK100) on our previous analysis (April 29, see chart below) as after hitting our 8350 Target it got rejected exactly at the top (Higher Highs trend-line) of the long-term +2 year Channel Up:
The corrective pattern broke yesterday below the 1D MA50 (blue trend-line) for the first time since April 19, which technically opens the way for a test of the next Support level, the Higher Lows Zone.
As you can see, this Zone has been providing Support (and the most optimal buy entry) since the January 17 Low. As a result, as long as the 1D MA100 (green trend-line) is holding, we will buy the next Higher Lows contact and target 8350 (Lower Highs projection similar to February 07 2024 and October 17 2023).
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FTSE 100 Index Declines After Labour Market NewsFTSE 100 Index Declines After Labour Market News
The British stock index FTSE 100 (UK 100 on FXOpen) dropped nearly 1% yesterday due to the release of economic data indicating a rise in unemployment.
According to ForexFactory:
→ The Claimant Count Change (number of unemployment benefit claims) was 50,000 (expected = 10.2k, previous month = 8.4k). This is the highest number since March 2021.
→ The unemployment rate slightly increased to 4.4% compared to the previous value of 4.3%.
However, today the FTSE 100 (UK 100 on FXOpen) chart is showing signs of recovery.
Fundamentally:
→ GDP news did not bring any unpleasant surprises;
→ Weakening in the labour market might prompt the Bank of England to lower the interest rate to stimulate the economy, which should support the stock index.
From a Technical Analysis Perspective of the FTSE 100 (UK 100 on FXOpen):
→ At the low of the decline, the price found support at the median line of the upward channel that has been in place since last autumn (shown in blue);
→ The median line is reinforced by the 50% Fibonacci retracement level from the bullish impulse A→B;
→ The price failed to consolidate below the late May low around the 8150 level, indicating a local capitulation of bears.
Bulls, on the other hand, might use these technical support factors to attempt to resume the upward trend within the blue channel. To do this, they will need to break the resistance of the trend line (shown in red).
Trade global index CFDs with zero commission and tight spreads. Open your FXOpen account now or learn more about trading index CFDs with FXOpen.
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.
UK100UK100 right now in bearish trend as price printing higher lows and lower lows, trade plan mentioned on the chart.
bullish idea bullish momentum on multiple timeframes with good risk to reward ratio, daily,h4 and h1 all to the upside, will be looking to add more if position starts moving as anticipated and milk the cow on this one
FTSE 100 - index prepares for bumper run to 10kThis is a macro outlook into late 2024.
On the above 3-month chart price action has been trading under resistance since 1999. A significant development has now occurred. That resistance after 22 years has confirmed as support.
Isn’t there a recession coming?
Since the UK imposed economic sanctions on itself in 2016 (A world first believe?) there is a growing realisation that extended dependancy on external resources will mean accepting higher and higher costs for everyday goods and services. Much like the US, the UK is about to enter a period of internal investment as it seeks to rediscover why protectionism does not work. You would think with so many history graduates in parliament..
The Macro outlook for the FTSE 100 is fascinating. Many many stocks are oversold in the FTSE 100. Not all. But a great many are with little to no ideas published on them. Identifying this trend a couple of years ago, the ideas on Rolls Royce and Centrica were published (attached below), now up 100 and 200%, respectively. However you will notice such performance does not apply equally across the index. My belief or rather hours of study informs us selecting the correct stocks will outperform over the next 2 to 3 years. Already have begun to identify them.
The TA..
On the chart we have:
1) Macro higher lows forming an ascending triangle.
2) Price action printed the first macro higher high in October 2017.
3) Inverse head & shoulders pattern with confirmation and 10k target.
4) The 3-month hammer candle. 10 days until it closes. IF it closes as is, it will be the shot that starts the race.
Is it possible the index corrects and crashes as everyone suggests? Sure.
Is it probable? No.
Ww
Type: Investment
Risk: 30-40% exposure, you don’t want to sit this one out.
Timeframe: Long between now and end of year.
Return: 30%
UK100 - Head & Shoulder - Bullish PatternCAPITALCOM:UK100 has been in a strong bullish trend. Following retracement, price has formed an inverted head & shoulder pattern indicating potential bullish momentum!
UK 100 can come back from ResistanceUK 100 Short.
More chance to retrace back from the resistance level of 8,343.
