The stock index FTSE 100 completes the trading week at 7196.9. The FTSE 100 is trading below the lower boundary of the Ichimoku Cloud, indicating a downward trend in the FTSE 100. A test for the lower boundary of the Ichimoku Cloud near level 7250.0 is expected, from which an attempt is expected to fall and develop a bearish trend for the FTSE 100 Stock Index with the first target near the level of 6990.0.
Ichimoku Kinko Hyo FTSE 100 Forecast May 1 — 5, 2017
Earlier, a weak signal was received for the sale of the FTSE 100 Stock Index, due to the intersection of the signal lines at the level of 7320.0. The cancellation of the fall variant will be the breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 7370.0, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the decline in quotations of the Stock Exchange Index FTSE 100 is with the breakdown of the local minimum area at the level of 7100.0.
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