Stock index FTSE 100 is trading at the level of 7256.4. The FTSE 100 moves below the moving average level with a period of 55, which indicates a bearish trend for the FTSE 100. At the moment, stock market quotes are testing the lower boundary of the Bollinger Bands indicator bars. It is worth waiting for an attempt to grow and test the middle border of the bands near the level of 7290.0, where again we should expect an attempt to continue falling with the first target near the level of 7190.0.
Bollinger Bands forecast FTSE 100 on March 28, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 7352.0. 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 quotes of the pair above the area of 7370.0, which indicates a change in the trend in favor of the bull on the FTSE 100. In the event of a breakdown of the lower boundary of the indicator bands, The area is below the level of 7190.0.
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