– FTSE100 index reversed from support level 7200.00
– Likely to rise to resistance level 7400.00
FTSE100 index recently reversed up from the powerful support level 7200.00 (former multi-month low from March), coinciding with the lower daily Bollinger Band.
The support level 7200.00 was further strengthened by the nearby support trendline of the wide daily down channel from April.
Given the strength of the support level 7200.00 and the oversold daily Stochastic, FTSE100 index can be expected to rise further toward the next resistance level 7400.00.
- 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…
This website uses cookies