Categories: Technical analysis

FTSE 100 Wave Analysis – 13 October, 2022

• FTSE 100 falling inside impulse wave 5

• Likely to fall to support at 6700.00

FTSE 100 index continues to fall inside the sharp downward impulse wave 5 which started earlier from the key resistance level 7125.00 (previous monthly low from April), intersecting with the 20-day moving average.

The active impulse wave 5 belongs to the intermediate impulse wave (C) from the middle of August. FTSE 100 index can be expected to fall further toward the next support level 6780.00 (low of wave 3) – the breakout of which can lead to further losses toward the round support at 6700.00.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

Share
Published by
The FxPro Tech Analysis Team
Tags: FTSE100

Recent Posts

ANF Wave Analysis 29 April 2024

ANF reversed from key support level 113.40 Likely to rise to resistance level 132.31 ANF…

8 hours ago

GBPUSD Wave Analysis 29 April 2024

- GBPUSD rising inside minor correction 2 - Likely to rise to resistance level 1.2700…

8 hours ago

Crypto Market Retreats Due to Overhang of Sellers

Market picture The crypto market has lost 3.3% in the last 24 hours to $2.3…

18 hours ago

USDJPY Wave Analysis 26 April 2024

- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…

3 days ago

Ebay Wave Analysis 26 April 2024

- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…

3 days ago

False Alert with Yen Interventions?

Even though the Bank of Japan left the key rate and parameters of the QE…

4 days ago

This website uses cookies