GBP NZD has been in a steady uptrend for about a month now, currently trading around the 1.948 levels. However, the price was unable to pass above the October 11th high of 1.97 which was a key level. The RSI indicators on the daily time frame show price are in overbought regions at the moment. The UK PM plans to hold an emergency press conference today regarding...
Today at 5:30 the UK PM will be announcing a "Plan B" covid plan for the coming weeks after the emergence of the new Omnicron variant. Depending on the plan it's possible for Sterling and UK stocks to plummet if the news is bearish. The RSI indicators on the 4hr chart have just started to edge down from its overbought regions (85) indicating that there is room to...
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Here we have our FTSE or UK 100 chart.
On the current positive news sentiment around the omicron variant, we have seen a huge rally.
We are looking short at we approach recent highs.
Short TGT noted by the directional arrow.
Western European stock markets finished trading on Thursday with decline. Investors continued to evaluate the risks of spreading of the new strain COVID-19, named "Omicron"
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Traders, We have been watching and trading FTSE 100 (UK100) for a long time now. After a huge consolidation it broke out and started to move upwards. It is not on its path to a critical level where we complete a good W FCP Pattern at pre-pandemic level along with a price gap. This should make the index fall. So we have great long and short opportunity ahead. Long...
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Here we have our frequently traded FTSE 100 chart.
We are up on the day from current UK market sentiment attacking some key resistance.
We are looking for an intraday short this morning back down.
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Here we have our Reliable UK 100 Chart.
In the coming week we are looking for a pullback to our vital W support.
MA's are creeping up and price is creeping down.
We have rallied up high and we are looking for a fall to the level highlighted by the eclipse.
At this point we...
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Here we have our UK 100 chart.
After our targets were hit yesterday we are now looking short for intraday gains.
We are already seeing some price rejection at recent 1H highs and looking for this to continue.
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Along with other important markets, the FTSE is seeing some sideways movement over current market indecision.
Often at these times, price will move either way eventually.
Price direction is noted by the arrow.
Bounced nicely as expected but has run a little too hard out the gates for my liking. Up against lateral resistance and hidden bearish RSI divergence confirms. Would like to see 7090 area re-tested
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Here we have our UK 100 (FTSE) chart.
This is an asset I trade daily.
With the current news sentiment we have seen a fast and sharp move down followed by a swift rebound. we are at Key MA's and some good support.
We are looking to get long again. TGT area is noted by the Blue arrow on the chart.
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Here we have our FTSE or UK 100 chart,
Today we had a huge drop down. We are now RE buying on this fall at these great buy zones.
You can see the FTSE starting to pull away from this area. Price rejection is always a good sign that an area is great...
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Here we have our 4H FTSE 100 chart.
Today we are looking short on the previous rally.
We are now meeting our MA's again and looking further down for our target (noted with arrow).
Price is at horizontal support, and at lower edge of ascending channel , displaying its bottoms.
However, I don't see strong demand here, price seem to throttling on ?air- not what I expect to see really
I'm herein for long, and should fill in appropriate positions when I see the pressure, also I'm very ready to cut this off- no pressure.
After a false break higher out of the upward channel (bearish), the sell off has been relatively quick. Currently a bear flag building. First target is 7185 with lateral support coming in around 7140
