Stock index FTSE 100 is trading at the level of 7386.4. The FTSE 100 continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in the FTSE 100. A test area for signal lines near the level of 7320.0 is expected, from which it is expected to try to grow and develop a bullish trend at the stock exchange index near the level of 7450.0.
Technical Analysis and Forecast FTSE 100 on May 12, 2017
Earlier, a medium strength signal was obtained for the purchases of the exchange index FTSE 100, due to the intersection of the signal lines at the level of 7241.0. The cancellation of the growth of quotations of the exchange’s index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 7270.0, 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 7410.0.
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