Stock index FTSE 100 completes the trading week at 7196.9. Quotations on the FTSE 100 are traded below the moving average with a period of 55, indicating a bearish trend for the FTSE 100. At the moment, the quotes of the stock index are moving near the middle border of the indicators Bollinger Bands. It is worth waiting for the test of the average border of the Bollinger Bands indicator bars near the level of 7270.0, where again we should expect an attempt to continue falling with the first target near the level of 6998.0.
Bollinger Bands forecast FTSE 100 for May 1 — 5, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator strip at 7450.0. The abolition of the continuation of the fall of the FTSE 100 will be a breakdown of the moving average with a period of 55, as well as the upper boundary of the indicator bars and the closing of the quotes of the pair above the area of 7530.0, indicating a change in the trend in favor of the bull on the FTSE 100. In the event of a breakdown of the lower boundary of the indicator bands, The fall of the exchange’s index in the area below the level of 6998.0.
