The stock index FTSE 100 is trading at 7308.1. The FTSE 100 is trading 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 7260.0 level is expected, from which it is expected to try to grow and develop the bullish trend at the stock market near the 7400.0 level.
Ichimoku Kinko Hyo FTSE 100 Forecast on May 9, 2017
Earlier, a medium strength signal was obtained for the purchases of the FTSE 100 Stock Index, due to intersection of the signal lines at the level of 7241.0. The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 7190.0, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the Exchange index FTSE 100 is with the breakdown of the local maximum area at the level of 7360.0.
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