Stock index FTSE 100 completes the trading week at 7289.5. The FTSE 100 is traded inside the Ichimoku Cloud, indicating a lateral trend over the FTSE 100. The Ichimoku Cloud upper limit test is expected near the level of 7340.0, where an attempt is expected to fall and develop the bearish trend for the FTSE 100 Stock Index with the first target near the level of 7100.0.
Ichimoku Kinko Hyo FTSE 100 Forecast May 8 — 12, 2017
Earlier, a weak signal was received for the sale of the FTSE 100 Stock Index, due to the intersection of the signal lines at the level of 7320.0. Cancellation of the fall option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotes above the area of 7360.0, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the decline in quotations of the Stock Exchange Index FTSE 100 is with the breakdown of the local minimum area at the level of 7160.0.
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