Stock index FTSE 100 is trading at 7505. The FTSE 100 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the FTSE 100. A test of the Ichimoku Kinko Hyo signal line area near the 7450 level is expected, from which it is expected to attempt a fall and further development bearish trend to reduce near the level of 7600. An additional signal in favor of the growth of the index will test the area of support.
FTSE 100 forecast & analysis on October 11, 2017
Earlier, we received a weak signal for the buy of the FTSE 100 stock index, due to the crossing of the signal lines at the level of 7250. The cancellation of the growth of the quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 7350, which will indicate a change in the bullish trend in favor of bearish. Expect to accelerate the growth of quotations of the exchange index FTSE 100 is with the breakdown of the level of the level of 7550.
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