Stock index FTSE 100 is trading at 7450.2. 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 7380.0 is expected, from which it is expected to try to grow and develop a bullish trend at the stock market near the level of 7500.0.
Technical analysis & FTSE 100 forecast on May 17, 2017
Earlier, a medium strength signal was obtained for the buy of the Stock index FTSE, due to the crossing 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 7300.0, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the Stock index FTSE with the breakdown of the local maximum area at the level of 7470.0.
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