The stock index FTSE 100 is trading at the level of 7370.7. FTSE 100 is trading above the upper limit of the Ichimoku Cloud, which indicates the presence of an upward trend in the FTSE 100. A test of the signal line area near the level of 7320.0 is expected, from which one should expect an attempt to grow and develop a bullish trend at the stock exchange index near the level of 7440.0.
Technical analysis & FTSE 100 forecast on May 11, 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. Cancellation of the variant of growth of quotations of the stock index will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 7255.0, 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 is with the breakdown of the local maximum area at 7400.0.
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