Stock index FTSE 100 completes the trading week at 7426.6. Quotations on the FTSE 100 are traded above the moving average with a period of 55, indicating that there is an upward trend in the FTSE 100. At the moment, the quotes of the stock index are moving near the upper border of the Bollinger Bands indicator bars. It is worth waiting for the test of the average border of the Bollinger Bands indicator bars near the level of 7250.0, where again we should expect an attempt to continue growth and further development of the bullish trend with the first target near the level of 7580.0.
FTSE 100 weekly forecast on May 15 — 19, 2017
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 7090.0. The abolition of the continuation of the growth of the FTSE 100 will be a breakdown of the moving average with a period of 55, as well as the lower border of the indicator bands and the closing of the quotations of the index below the area of 7000.0, which indicates a change in the trend in favor of the bearish on the FTSE 100. In the event of a breakdown of the upper boundary of the indicator bands, The growth of the exchange index in the area above the level of 7580.0.