Stock index FTSE 100 is trading at the level of 7127.1. Quotations on the FTSE 100 continue to trade below the moving average with a period of 55, indicating a bearish trend for the FTSE 100. At the moment, stock market quotes are testing the lower boundary of the Bollinger Bands indicator bands. It is worth waiting for the test of the average border of the Bollinger Bands indicator bars near the level of 7200.0, where again we should expect an attempt to continue falling with the first target near the level of 7080.0.
Bollinger Bands forecast FTSE 100 on April 20, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at 7440.0. The abolition of the continuation of the fall of the FTSE 100 will be the breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotations above the 7480.0 area, which will indicate a change in the trend in favor of the bull on the FTSE 100. In the event of a breakdown of the lower border of the indicator bands, The area below the level of 7080.0.
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