Stock index FTSE 100 is trading at 7413. The FTSE 100 is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the FTSE 100. The Ichimoku Kinko Hyo signal line area is expected near the level of 7455, from which it is expected to attempt a rebound and continue development bearish trend with a target to falling near the level of 7305.
FTSE 100 forecast & analysis on November 16, 2017
Earlier, a weak signal was received for the sell of the stock index FTSE 100, due to the crossing of the signal lines at the level of 7490. The cancellation of the variant of falling quotations of the stock index will be a breakdown of the upper boundary of the Cloud and Ichimoku Kinko Hyo with the closing of quotations above the area of 7550, which indicates a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the stock index FTSE 100 stands with the breakdown of the level of 7380.
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