Stock index FTSE 100 is trading at 7518. FTSE 100 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the FTSE 100. The Ichimoku Kinko Hyo Cloud Upper Test is expected near the 7495 level, from which it is expected to attempt a rebound and continue development bullish trend for the target of growth near the level of 7750.
FTSE 100 forecast & analysis on November 9, 2017
Earlier, a medium strength signal was obtained for the buy of the FTSE 100 index, due to the crossing of the signal lines at the level of 7480. The cancellation of the growth of the quotations of the stock index will be the breakdown of the lower boundary of the Cloud Ic himoku Kinko Hyo with the closing of quotes below the area of 7440, indicating a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of the stock exchange index FTSE 100 is with a breakdown of the resistance level and closing above 7595.
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