The stock index FTSE 100 is trading at 7241.7. The FTSE 100 continues to trade inside the Ichimoku Cloud, which indicates the presence of a lateral trend over the FTSE 100. The upper limit of the Ichimoku Cloud is expected near the level of 7270.0, from which it is expected to test the upper boundary of the Ichimoku Cloud at 7240.0, from which an attempt is expected to grow and develop a bull trend on the exchange Index near the level of 7250.0.
Ichimoku Kinko Hyo FTSE 100 Forecast on May 3, 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. The cancellation of the variant of growth will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 7165.0, 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 7300.0.
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