FTSE100 forms bullish divergence pattern,targets 6,100

FX:UK100   FTSE 100 Index
101 0 6
Pattern formed – Bullish divergence ( CCI (50) and RSI (14)

Potential Reversal Zone (PRZ) – 5,845 (Feb 24th 2016)

The index has recovered yesterday after making a low of 5,906 yesterday. It is currently trading around 5,945.

Short term trend is slightly bullish as long as support 5,845 holds. Any further weakness can be seen only below 5,845 level.

On the higher side minor resistance is around 6,000 (hourly Kijun-Sen) and any indicative break above targets 6,052 (55 H EMA )/6,108 (7 day EMA ).

FTSE100 is facing strong support at 5,845 and break below targets 5,732/5,600.

In daily chart CCI (50) and RSI (14) has formed bullish divergence pattern .So a slight jump is possible.

It is good to buy at dips around 5,925-5,930 with SL around 5,845 for the TP of 6,050/6,105
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