TipTVFinance

FTSE 100 - Rejection at 200-SMA could prove to be costly

FX:UK100   FTSE 100 Index
Resistance – 6154, 6175 (200-SMA), 6232

Support – 6081 (100-SMA), 6054-6036, 6000

  • FTSE’s failure to take out 200-SMA yesterday followed by a negative daily closing has increased risk of a drop to 100-SMA support at 6081 levels.
  • Daily RSI , at 38, is yet to hit it oversold territory, which indicates room for at least 50 points drop.
  • On the other hand, a recovery above hourly 50-MA (seen now at 6123) would shift risk in favor of a re-test of 6175 (200-SMA).
  • On larger scheme of things, bearish invalidation is seen only via a day end closing above 6242 ( rising channel hu
    rdle).
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
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