Stock index FTSE 100 is trading at 7486. FTSE 100 is trading within the Ichimoku Kinko Hyo Cloud, indicating a flat trend over the FTSE 100. A test of the Ichimoku Kinko Hyo Cloud’s upper boundary near the 7520 level is expected, from which it is expected to attempt a fall with a target near the 7450 level Earlier, a weak signal was received for the sell of the FTSE 100 exchange index, due to the crossing of signal lines at the level of 7520.
FTSE 100 forecast & analysis on October 30, 2017
The abolition 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 quotations below the 7410 area, which will indicate a change of the flat trend howling in favor of a bearish trend. Expect to accelerate the growth of quotations of the stock exchange index FTSE 100 stands with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo with a close above the level of 7560.
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