Stock index FTSE 100 is trading at 7435.1. FTSE 100 continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an bullish trend in the FTSE 100. The stock index is expected to fall near the level 7370.0, from which it is expected to try to grow and develop the bullish trend on the stock index near the level 7530.0.
Technical analysis & forecast FTSE 100 on May 19, 2017
Earlier, a medium strength signal was obtained for the buy of the Stock index FTSE 100, due to the crossing of the signal lines at the level of 7241.0. Cancellation of the growth of quotations of the Stock index FTSE 100 will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 7320.0, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the FTSE 100, with the breakdown of the local maximum area at the level of 7480.0.
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