Stock index FTSE 100 is trading at 7693.8. FTSE 100 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bullish trend in the FTSE 100. The stock index is expected to fall to the level of 7650.0, from which it is expected to try to grow and further develop the bullish trend with a target to rising near the level of 7880.0. Earlier, we received a weak signal for the buy of the index FTSE 100, due to the crossing of the signal lines at the level of 7380.0.
FTSE 100 forecast & analysis on January 10, 2018
An additional signal in favor of a bullish trend will be a test of the support area. The cancellation of the variant of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 7460.0, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the exchange index FTSE 100 stands with the breakdown of the local maximum area at the level of 7840.0.