Stock index FTSE 100 is trading at the level of 7510.5. FTSE 100 continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in the FTSE 100. A test of the signal line area near the 7465.0 level is expected, from which it is expected to try to grow and develop the bullish trend of the stock index near the level of 7600.0.
Technical analysis & forecast FTSE 100 on May 25, 2017
Earlier, a medium strength signal was obtained for the buy of the exchange index FTSE 100, due to the intersection of the signal lines at the level of 7241.0. Cancellation of the variant of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 7345.0, which will indicate the change of the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the exchange index FTSE 100 stands with the breakdown of the local maximum area at the level of 7575.0.