Stock index FTSE 100 is trading at the level of 7508.8. FTSE 100 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the FTSE 100. A test of the signal line area near the level of 7455.0 is expected, from which it is expected to try to grow and develop the bullish trend at the stock index near the level of 7630.0.
Technical analysis & forecast FTSE 100 on May 24, 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. The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 7330.0, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of the Stock index FTSE 100 is with the breakdown of the local maximum area at the level of 7600.0.
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