The stock index FTSE 100 is trading at 7196.9. The FTSE 100 is traded inside the Ichimoku Cloud, which indicates the presence of a lateral trend over the FTSE 100. A test is expected for the lower boundary of the Ichimoku Cloud near the level of 7190.0, from which it is expected to test the upper boundary of the Ishimoku Cloud near the level of 7245.0.
Ichimoku Kinko Hyo FTSE 100 forecast on May 1, 2017
Earlier, a medium strength signal was obtained for the sale of the FTSE 100 Stock Index, due to crossing of the signal lines at the level of 7240.0. Consider selling is worth breaking through the lower boundary of the Ichimoku Cloud and closing the quotes below the level of 7160.0, in case of breaking through the upper boundary of the Ichimoku Cloud, we should expect the continuation of the upward trend development on the FTSE 100 Stock Index.
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