FxWirePro
Long

FTSE100 takes support near trend line, good to buy on dips

FX:UK100   The FTSE 100 Index
131 0 4
Major Support – 6950 ( trend line joining 6767 and 6809).

The index breaks below 6973 (200 –HMA) and declined till 6962 at the time of writing. It is currently trading around 6997.

FTSE             regained after making a low of 6962. Any minor weakness can be seen only below 6950.

Any violation below 6950 will drag the index down till 6905 ( 61.8% retracement of 6767 and 7129)/6831 ( 61.8% retracement of 6646 and 7129).

On the higher side, resistance is around 7037 (21- HMA ) and any break above targets 7100/7129 in the short term.

It is good to buy on dips around 6985-6990 with SL around 6950 for the TP of 7120
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out