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UK100 CFD

FTSE - Fading gains, more downside expected. UK100 is Bearish - We look to Sell at 5860 ▪️ Overnight price action has drifted lower and remains pressured by the medium term bearish bias. ▪️ Levels close to the 61.8% pullback level of 6000 found sellers. ▪️ Broken out of the channel formation to the downside. ▪️ We look for a re-test of the upward trending resistance. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5860, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 5890 Target1: 5665 Target2: 5630
FOREXCOM:UK100Short
by Signal_Centre
FTSE - Selling a re-test of the channel UK100 is Bearish - We look to Sell at 5965 ▪️ Overnight price action has drifted lower and remains pressured by the medium term bearish bias. ▪️ Levels close to the 61.8% pullback level of 6000 found sellers. ▪️ Broken out of the channel formation to the downside. ▪️ We look for a re-test of the upward trending resistance. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5965, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 6015 Target1: 5665 Target2: 5500
FOREXCOM:UK100Short
by Signal_Centre
FTSE - Selling a re-test of the broken channel UK100 is Bearish - We look to Sell at 5933 ▪️ Broken out of the channel formation to the downside. ▪️ We have a 50% Fibonacci pullback level of 5936 from 6209 to 5665. ▪️ Positive overnight flows lead to an expectation of a firm open this morning. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5933, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 5983 Target1: 5665 Target2: 5627
FOREXCOM:UK100Short
by Signal_Centre
UK100 - Correction May Not Be Over Just YetThere's an interesting battle building up in the FTSE 100 (UK100), after which we should have a much better idea of whether this rebound has legs or they're going to be sweeped from underneath it. The charts were starting to look quite promising. We had a clear uptrend and price broke back above the 200/233 period simple moving average band on the 4-hour chart. Then we ran into our first obstacle on the daily chart, the 55-day SMA, which is when the profit taking kicked in. This took us back below the 55/89 SMA band on the 4-hour chart where we're now testing the 200/233 band. So far, the 38.2 fib is holding within the first band but that doesn't mean much yet. A break back through 5,800 would add some promise, especially if combined with a significant close above the 55/89 SMA band (4 hour chart). Obviously, that doesn't necessarily been it's correction over but it's a major hurdle overcome. Given the initial trend line break, failure of 55-SMA (daily) and immediate resistance around the 55/89 SMA (4hour) band, I fear more pain may be in store for the FTSE. This still looks like more of a corrective move but maybe one that has a little more to run. The area around the 50 and 61.8 fibs may appeal more, should the 38.2 fib and 200/233 band fall.
OANDA:UK100GBP
by OANDA
FTSE has broken out of a channel - Looking to sell a re-test. UK100 is Bearish - We look to Sell at 5867 ▪️ Broken out of the channel formation to the downside. ▪️ We have a 38.2% Fibonacci pullback level of 5872 from 6209 to 5664. ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ Further downside is expected although we prefer to set shorts at our bespoke resistance levels at 5867, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 5917 Target1: 5637 Target2: 5530
FOREXCOM:UK100Short
by Signal_Centre
UK 100 FTSE CFD Live Price Chartthe UK 100 CFD is an index-based contract for difference, tracking the price move of a basket of 100 of the largest UK companies. It can be a more cost-efficient way of having market exposure to UK companies than trading individual shares. The UK 100 CFD is based on the London-quoted FTSE 100 Index, which is a good proxy for the broader UK market. The FTSE 100 Index tends to do well when the UK economy is growing and when consumer spending is on the rise. Live moves of the FTSE 100 can be followed in a daily price chart.
OANDA:UK100GBPLong
by CeoCodes
2
UK100 - Breakout Imminent?Recent price action in the FTSE 100 has certainly been encouraging but it may be a little early to celebrate. The pull back a couple of weeks ago was very brief and never really gathered any momentum. Moreover, broadly speaking price never held below the 55/89 simple moving average band on the 4-hour chart, which could be viewed as bullish. Since then we've seen a series of higher lows and the index has broken and held above the 200/233 SMA band, another bullish signal, as it's traded below here since 20 January - surviving a few tests along the way - and we all know what followed then. If the index can break 6,000 then any hope of a test of 5,450 - 50% retracement of lows to April highs - may well be lost and the bullish buzz may once again kick in. This is a huge earnings week for the US, the next 48 hours or so of which will be pivotal. If stock markets can get through that unscathed, even encouraged, it could be the catalyst for another strong rally, with 6,200 being the next test but 6,500 the next key level.
OANDA:UK100GBP
by OANDA
FTSE Triangle pattern breakout oportunityOANDA:UK100GBP [/symbol Triangle breakout opportunity several indications on eminent breakout - Last two weeks candles closed bearish hanging man - Seems like we finaly reached the end of this triangle patter build up - Macd divergency - RSI divergency it can go either way but the last two week candles combined with the MACD & RSI divergencies indicate a possible breakout on the short side. The fundamentals are also no good so we have a good oportunity here to set up our shorts long. Strategy: - wait for confirmation of the breakout and possibly a retest - Place small position for long target Profit2 - Place a normal position aiming the Profit1 target
FX:UK100Short
by Hybriss