The stock index FTSE 100 is trading at 7243.9. The FTSE 100 continues to trade above the upper boundary of the Ichimoku Cloud, indicating an upward trend in the FTSE 100. A test of the upper boundary of the Ichimoku Cloud near the level of 7235.0 is expected, from which it is expected to try to grow and develop a bullish trend at the stock index near the level of 7360.0.
Ichimoku Kinko Hyo Forecast FTSE 100 on May 8, 2017
Earlier, a medium strength signal was obtained for the purchases of the FTSE 100 Stock Index, due to intersection of the signal lines at the level of 7241.0. The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 7180.0, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the Exchange index FTSE 100 stands with the breakdown of the local maximum area at the level of 7330.0.
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