– 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,
- EURCAD reversed from pivotal support level 1.4900 - Likely to rise to resistance level…
- EURUSD reversed from support level 1.1030 - Likely to rise to resistance level 1.1200…
The unwinding of the carry trade in the FX market continues, with the major safe…
Market Picture The pressure on risk assets continues, pushing the crypto market capitalisation back below…
- AUDUSD reversed from support level 0.6700 - Likely to rise to resistance level 0.6800…
- Gold reversed from support level 2475.00 - Likely to rise to resistance level 2535.00…
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