UK100 to continue in the upward move?UK100 - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 7760 will confirm the bullish momentum.
The measured move target is 7800.
We look to Buy at 7725 (stop at 7695)
Our profit targets will be 7835 and 7855
Resistance: 7775 / 7785 / 7800
Support: 7750 / 7725 / 7700
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UK100 trade ideas
FTSE 100 reaches seven month high on softer CPIThe FTSE 100 surged in early trading on Wednesday as the latest inflation figures showed consumer prices had risen less than expected in the last 12 months. Headline CPI came in at 3.9% year-over-year in November, the lowest level in two years. Analysts had been expecting the figure to drop to 4.3% from 4.6%. Core inflation also dropped more than expected to 5.1% from 5.7%.
The softer data underpinned expectations for the Bank of England to start cutting rates sometime next year. Before the data and the FOMC’s surprise dovish tilt last week, markets were pricing in the first cut from the BoE sometime in the third quarter of 2024. As of Wednesday morning, the first full 25bps cut is priced in for May, but there are 13bps of easing priced in by March. By year-end, markets anticipate 134bps of easing, which would entail five 25bps cuts in 2024.
This seems to contradict the messaging that came from the BoE in their meeting last week. The central bank failed to acknowledge rate cuts, going as far as to reiterate that further rate rises could be possible if needed. Markets failed to believe this, and the Federal Reserve is mostly to blame for that. Their unexpected dovish tilt opened the door for other central banks to welcome talk about easing, but neither the BoE nor the ECB took the bait. Regardless, markets see the Fed’s change in position as the turning point in monetary policy across central banks in developed economies, which means they expect the BoE to follow suit sooner or later.
The BoE’s reluctance to show a dovish inclination at their meeting on Thursday last week weighed on UK stocks, especially those most sensitive to rates. The FTSE 100 shed over 1% as the central bank remained firm in its hawkish stance, but Wednesday’s softer CPI data has pushed the index to a seven-month high.
FTSE 100 UK100 trade idea for 20/12/2023 BullishFTSE 100 UK100 trade idea for 20/12/2023
FTSE 100 is in upward channel on daily chart. It broke out of it 2 days ago but came down back inside the channel again.
Tomorrow 20th Dec a major catalyst CPI data is released an hour before the market open. This surely will bring major volatility which gives the traders a good opportunity to grab some points if traded on the correct side.
Key levels based on technical analysis for long trade:
Entry: Ideally a dip to 7626 or 7604
Targets: 7665,7685,7724,7746
Support: 7584,7545
Thanks for reading, feedback welcome.
FTSE Close to a major bullish break-out. Be ready.It's been almost 2 months since we last looked into FTSE 100 (UK100) but the index didn't fail to deliver as it hit our 7535 target (see chart below) and got rejected inside the 6-month Resistance Zone:
Despite the inability so far to break above the 7690 - 7750 Resistance Zone, the index did succeed at making the first important bullish break-out above the Lower Highs trend-line of the All Time High (ATH). Breaking above the Resistance Zone would be the second and final bullish signal but the rejection so far has made it test the first Support on the 1D MA200 (orange trend-line), with the 1D MA50 (blue trend-line) right below. In fact the two are close to forming a 1D Golden Cross, with the last registered occurrence being on December 28 2022.
In fact as you can see, the two sequences (current and October - December 2022) are so far quite similar. Once the Resistance Zone broke in January 2023, the rally extended almost as high as the 1.382 Fibonacci extension. As a result, any pull-back after the current Resistance Zone breaks, is technically a buy signal. Our long-term target is 8300 (slightly below the 1.382 Fibonacci level).
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FTSE 100 : Week Commencing 18/12/23. Not a specific direction.On Monday I'm hoping that we stay above 7540. This seems to be quite a strong support area as well as resistance if it does drop below. If we stay above 7540 on market open I'm going to take a Long position with a starting SL at 7520 with TP1 7650 & TP2 7700. I like to trail my stop loss and will change this accordingly as it progresses towards the upside.
Alternatively
If we don't hold 7540 and market goes to the downside. I'll be looking for a break of 7520 and hold below before opening a short position. SL 7540 with TP1 7400 & TP2 7260. Again with a trailing stop loss.
On market open I like to wait until the first 15 min candle closes to find a good opening range and trade accordingly.
Looking at the over all market upon close on Friday, FTSE was pretty red in all areas so despite my long bias, there is a strong potential for a short. I think the 7540/7520 is going to be our pivot points. The market is still trending upwards but very close to breaking the trend at this area.
Long UK 100 Index I'm waiting for pice to retest back into the 7385 level, once there I would begin to add on long positions. We've had a nice rally from the 7286 level, which created a new short term high and for me indicating a market shift. I would look for price to reach towards the highs of 7708 since taking out the lows below the 7300 level. Good luck traders, let me know your thoughts in the comments.
UK100 to continue in the upward move?UK100 - 24h expiry
There is no clear indication that the upward move is coming to an end.
The trend of higher lows is located at 7400.
Risk/Reward would be poor to call a buy from current levels.
A move through 7575 will confirm the bullish momentum.
The measured move target is 7620.
We look to Buy at 7545 (stop at 7505)
Our profit targets will be 7645 and 7665
Resistance: 7575 / 7600 / 7620
Support: 7540 / 7525 / 7510
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UK100 H1 I Potential bearish reveral?Based on the H4 chart analysis, we can see that the price is rising toward our sell entry at 7581.44, which is an overlap resistance.
Our take profit will be at 7540.44, an overlap support level.
The stop loss will be placed at 7615.14, above a swing-high resistance level.
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UK 100 FTS100 Trade Swing trade IdeaFTSE 100 is showing bullish sign.
It is in an ascending channel upwards.
A crossover above the major down trend resistance line at 7583 might trigger a quick movement to 7675 and 7697 with an ultimate target of 7748.
Support at 7456 and 7403.
Any feedback is most welcome to improve my analysis. Many Thanks.
"Bearish Momentum Unleashed: Shorting UK100 with Precision TargeTrade Signal Outlook:
Trading Instrument: UK100
Trade Type: Short (Sell Limit)
Trade Signal Details:
Entry Price: 7519.9
Stop Loss: 7551.9
Take Profit 1: 7479.7
Take Profit 2: 7464.5
Trade Analysis:
The trade involves going short on UK100 with a Sell Limit order to enter the trade if the price rises to 7519.9.
The stop-loss is set at 7551.9 to limit potential losses.
Two take-profit levels are defined: the first at 7479.7 and the second at 7464.5.
Risk Management:
Adjust position sizes according to your risk tolerance and overall portfolio strategy.
Consider the risk-reward ratio when determining your position size.
Monitoring and Adjustments:
Monitor the trade closely, especially as it approaches the defined take-profit and stop-loss levels.
Be prepared to make adjustments based on evolving market conditions.
Important Note:
Trading involves risks, and it's crucial to conduct your own analysis and consider your risk tolerance before entering any trade. Adjust the spread and other parameters according to the specifics of your trading platform and server values.
UK100 to find buyers on dips?UK100GB - 24h expiry
A lower correction is expected.
There is no clear indication that the upward move is coming to an end.
Risk/Reward would be poor to call a buy from current levels.
A move through 7525 will confirm the bullish momentum.
The measured move target is 7575.
We look to Buy at 7500 (stop at 7460)
Our profit targets will be 7600 and 7620
Resistance: 7525 / 7560 / 7575
Support: 7500 / 7475 / 7450
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Market Analysis: UK100 Shows Bullish SignsOn the morning of Friday, December 1, the UK stock market index rose to its November highs. This was facilitated by the fundamental background:
→ among the UK100 growth leaders are shares of companies mining ore and other resources. As metal prices rise and industry in China shows signs of recovery;
→ general sentiment on the world's stock markets due to the fact that the policy of raising rates pursued by the central banks of Western countries has come to an end. Fed Chairman Powell is expected to speak this evening, which could provide more evidence of this.
→ Since the UK100 index has performed weaker relative to other indices (due to higher inflation in the UK), it may be undervalued.
The UK100 Index chart shows signs of bullish activity:
→ on the last day of November, the price tested the psychological level of 7400, forming a long lower shadow (a sign of demand strength);
→ the price continues to develop dynamics within the November ascending channel (shown in blue). It is possible that in December we will see the price rise to its upper limit.
→ a breakdown of the black line, dating back to September, may confirm important changes in market sentiment.
This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
UK100GB ShortThis index is forming a rising flag, which might be an indication of a potential bearish momentum.
Also, according to the clients' sentiment, the majority of traders are buying the index - 72%, and I anticipate that the price might move in their favor.
My entry point is 7400, my stop loss at 7480, and my TP at 7230, as my R: R for this trade is 1:2.
Note, risk only 1% of your account.
Trade Analysis and Setup: FTSE 100 (UK100) Long Position📈 **Trade Analysis and Setup 📊**
#FTSE100 #TradingEducation #TechnicalAnalysis
Hey Traders! 👋 Let's dive into a potential trade setup on the UK100 (FTSE 100) 🇬🇧. Remember, this is not financial advice, just educational content. 🚀
**Trade Setup:**
📉 **Long Position**
- **Buy Stop:** Adjust the spread according to your server values.
- **Entry:** 7466.2
- **Stop Loss:** 7442.7
- **Take Profit 1:** 7480.3
- **Take Profit 1:** 7490
**Key Points:**
🔍 The trade is based on the hourly chart, and we've identified a major resistance zone at the entry point. This is a crucial area where price has historically struggled to break through.
**Why Long?**
📊 The decision to go long is rooted in the belief that the price will bounce off this resistance zone, indicating potential upward momentum.
**Risk Management:**
💼 It's important to manage risk! The stop loss is set at 7442.7, protecting the trade from significant losses in case the market doesn't behave as expected.
**Emotional Discipline:**
🧘♂️ Trading can be emotional, but sticking to the plan is crucial. Embrace both wins and losses as part of the learning process.
**Educational Tip:**
📚 Understanding support and resistance zones is a key aspect of technical analysis. These levels can act as crucial turning points for the price.
**Disclaimer:**
🚫 This is not financial advice. Always do your own research and consider consulting with a financial advisor.
**Trade Wisely! 🌐**
#TradingTips #RiskManagement #FinancialFreedom
Remember, always do your own analysis and be aware of the risks involved in trading. Happy trading! 🚀
"FTSE 100 Rally: Riding the Bullish Wave with Precise Entry and Trading Instrument: UK100/FTSE 100
Trade Type: Long (Buy Stop)
Trade Signal Details:
Buy Stop Entry: Adjust spread according to server values
Entry Price: 7466.2
Stop Loss: 7442.7
Take Profit 1: 7480.3
Take Profit 2: 7489.0
Trade Analysis:
The trade involves going long on UK100/FTSE 100 with a Buy Stop order to enter the trade if the price rises to 7466.2.
The stop-loss is set at 7442.7 to limit potential losses.
Two take-profit levels are defined: the first at 7480.3 and the second at 7489.0.
Risk Management:
Adjust position sizes according to your risk tolerance and overall portfolio strategy.
Consider the risk-reward ratio when determining your position size.
Monitoring and Adjustments:
Monitor the trade closely, especially as it approaches the defined take-profit and stop-loss levels.
Be prepared to make adjustments based on evolving market conditions.
Important Note:
Trading involves risks, and it's crucial to conduct your own analysis and consider your risk tolerance before entering any trade. Adjust the spread and other parameters according to the specifics of your trading platform and server values.
Navigating the Markets: Shorting FTSE 100 on LL Break with PreciTrade Signal Outlook:
Trading Instrument: UK100/FTSE 100
Trade Type: Short (Sell Stop)
Trade Signal Details:
Sell Stop Entry: Adjust spread according to server values
Entry Price: 7475.0
Stop Loss: 7497.2
Take Profit: 7452.5
Trade Strategy and Technical Analysis:
The trade strategy is based on a simple support and resistance play on the UK100/FTSE 100.
A Sell Stop order is set to trigger upon the break of a lower low (LL) on lower time frames, in conjunction with local support on the 1-hour and 4-hour time frames.
Trade Management:
Entry: The sell stop order is activated when the price breaks the lower low, triggering the entry at 7475.0.
Stop Loss: Place a stop-loss order at 7497.2 to limit potential losses.
Take Profit: Set the take-profit level at 7452.5 to capture profits.
Risk Management:
Ensure that your risk aligns with your overall risk tolerance.
Adjust position size according to your risk management strategy.
Consider the spread and slippage in real market conditions when adjusting your stop-loss and take-profit levels.
Monitoring and Adjustments:
Monitor the trade closely and be ready to make adjustments if market conditions change.
Stay informed about any market news or events that could impact the UK100/FTSE 100.
Please note that trading involves risks, and it's crucial to conduct your own analysis and consider your individual risk tolerance before entering any trade. Adjust the spread and other parameters according to the specifics of your trading platform and server values.