Stock index FTSE 100 is trading at the level of 7433.9. FTSE 100 is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the FTSE 100. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the 7460.0 level, from which it is expected to try to fall and develop a bearish trend on the stock market index in order to reduce near the level 7270.0.
Index FTSE 100 Forecast & Analysis on June 29, 2017
Earlier, a strong signal was received for the sale of the stock index FTSE 100, due to the crossing of the signal lines at the level of 7472.0. Cancellation of the variant of falling quotations of the stock index will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 7520.0, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the stock exchange index FTSE 100 stands with the breakdown of the local minimum area at the level of 7310.0.
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