– FTSE 100 reversed from pivotal resistance level 7710,00
– Likely to fall to support level 7585,00
FTSE 100 index previously reversed down from the pivotal resistance level 7710,00 (former yearly high from July, former strong support from May) intersecting with the upper daily Bollinger Band.
The resistance level 7710,00 was strengthened by the 61.8% Fibonacci correction of the previous downward impulse from February.
Given the strength of the resistance level 7710,00 and the overbought daily Stochastic, FTSE 100 index can be expected to fall further toward the next support level 7585,00,
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
This website uses cookies