FTSE100 (UK100, UK stocks index) been laggard for many years in comparison with many of it's peers. Now it seems the UKX will finally make new all-time high🍾 and will go even higher. I think we are in continuation move up after breaking out of the consolidation in form of triangle. Target @ 9090 being measured move - height of the triangle projected from...
We have been patiently waiting for momentum to turn higher, which it finally did yesterday thanks to the dovish 50bp BOE hike. It closed above its recent consolidation, having formed several lower spikes which held above historic highs. From here we now fancy a retest of its YTD high and move towards 7900, near its record high.
The performance of the 100 most prestigious companies listed on the London Stock Exchange has made for exciting viewing over recent days, with the FTSE 100 index that tracks them having rocketed in value.
Last week, the FTSE 100 index raced to its highest point in over three years, with some analysts across the City of London having begun to wonder whether it may...
This is just for St James's Place, but you'll find inverse head and shoulder patterns in a lot of stocks on the FTSE 100. For me, that means a reversal on the pullback, and this week for example, STJ is confirming the reversal with a break about the neckline and 200 EMA acting as support.
$GBP - What shall we do now?
GBP - Since we hit below 1.14 - 1.10 it's really been a one way for this pair and it could continue...However, we have options!
1 Emergency rate hike
4 Fiscal spending
5 Swap Lines
Now these are the options technically speaking we filled gap around 1.09 this morning, I expected 1.06 on table during open...
Clear trendline up, pattern formed - you could wait for daily close and see if this bearish formation comes into fluorescent.
Key an eye
1. Trendline and 2. The pull back reaction (Whos in control)
Today, London's stock market is experiencing a bonanza, as the FTSE 100, which is the index that includes the 100 most prestigious and well capitalized blue-chip companies which are listed on the London Stock Exchange, has rocketed to an astronomic 7,741 points.
This represents the highest level that it has reached in over one year, by quite some margin.
FTSE 100 has recently experienced golden cross on 1-day charts. Resistance in 7600s was surprisingly easily bypassed Friday / Monday, and 7700+ was comfortably reached again post uneventful JP speech. Is this a bullish cup & handle on 15 minute, suggesting push towards 7800? Or will the FTSE face trouble with upcoming earnings this week, given last nights data...
Dollar is on support right now confluences being 61fib and major trend line and covid flight to safety high of 2020 this makes the level between 103-102.5 very interesting for a rebound.
if it does not bounce here id expect. small bounce at next technical level and then a major bounce at 100.
imo everything is lining ups dollar low, gold high stocks and...
🇬🇧 UK100 Direction North
🇬🇧 Today's strong breakout of the main British index has opened a great opportunity for the possibility of a continuation of the upward trend.
🇬🇧 The price at the opening of pre-session trading last night slid to the support zone determined by the 0.236 level of the entire upward wave. Then there was a strong breakout and at the opening...
The FTSE100 index (FTSE100) has resumed its bullish trend since the October 13 bottom after hitting both the 1D MA50 (blue trend-line) and 1D MA200 (orange trend-line) on December 20. In fact, against all odds during this inflation crisis and in contrast to its heavy stock index counterparts, it is about to close the year in gains (if it stays above the 7420 level...