Stock index FTSE 100 completes the trading week at 7465.7. 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 signal line area near the level of 7390.0 is expected, from which an attempt is expected to grow and develop a bullish trend for the Stock index FTSE 100 with the first target near the level 7630.0.
FTSE 100 weekly forecast on May 22 — 26, 2017
Earlier, a weak signal was received for the buy of the Stock index FTSE 100, due to the crossing of signal lines at the level of 7249.0. The cancellation of the growth of quotations of the Stock index FTSE 100 will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 7220.0, which will indicate the change of the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the Stock index FTSE 100 stands with the breakdown of the local maximum area at the level of 7550.0.
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