FTSE 100 stock index continue to move in the framework of decline. At the time of publication of the forecast, the index is trading at 6612. At the moment, we should expect an attempt to grow and test the resistance level near the area of 6685. Where should we expect a rebound and the continuation of the fall in FTSE 100 quotes to the area below 6450.
FTSE 100 forecast & technical analysis December 27, 2018
In favor of reducing the stock index quotes, a test of the resistance line on the relative strength index (RSI) will appear. Cancellation of the fall in the index quotes will be a strong growth and a breakdown of the 6850 area. This will indicate a breakdown of the upper limit of the downward channel and continued growth of the FTSE 100 with the target above 7170. Wait for confirmation of the fall in the stock index quotes with the breakdown of the support area and closing below 6550.
FTSE 100 forecast & technical analysis December 27, 2018 suggests an attempt to test the upper limit of the channel near the area of 6612. Then the continuation of the fall to the area below the level of 6685. In favor of the fall in the FTSE 100 quotes, a resistance line test on the relative strength index (RSI) will come out. The abolition of the fall option will be a strong growth and a breakdown of the 6850 area. This will indicate continued growth.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
