Stock index FTSE 100 is trading at 7307.7. The FTSE 100 is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend over the FTSE 100. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 7320.0, from which it is expected to attempt a fall and further develop a bearish trend with a target to lower near 7160.0.
FTSE 100 forecast & analysis on September 26, 2017
Previously, a strong signal was received for the sell of the FTSE 100 exchange index, due to the crossing of the signal lines at the level of 7340.0. An additional signal in favor of a bearish trend will be a resistance area test. Canceling the variant of falling quotations of the stock index will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 7380.0, which will indicate 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 local minimum area at the level of 7190.0.
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