Stock index FTSE 100 is trading at 7467.3. The FTSE 100 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in the FTSE 100. A test area for signal lines near the 7420.0 level is expected, from which it is expected to try to grow and develop a bullish trend at the Stock index FTSE 100 near the level 7570.0.
FTSE 100 forecast & analysis on May 22, 2017
Earlier, a medium strength signal was obtained for the buy of the Stock index FTSE 100, due to the crossing of the signal lines at the level 7241.0. The cancellation of the growth of quotations of the Stock index FTSE 100 will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 7330.0, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of the Stock index FTSE 100 is with the breakdown of the local maximum area at the level of 7530.0.