The stock index FTSE 100 is trading at the level of 7330.1. The FTSE 100 continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in the FTSE 100. A test of the signal line area near the level of 7275.0 is expected, from which it is expected to try to grow and develop the bullish trend at the stock exchange index near the level of 7410.0.
Ichimoku Kinko Hyo Forecast FTSE 100 on May 10, 2017
Earlier, a medium strength signal was obtained for the purchases of the exchange index FTSE 100, due to the intersection of the signal lines at the level of 7241.0. Cancellation of the variant of growth of quotations of the stock index will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 7200.0, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the exchange index FTSE 100 stands with the breakdown of the local maximum area at the level of 7375.0.
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