FTSE 100 completes the trading week near the level of 7102. The index is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates an uptrend. As part of the FTSE 100 weekly forecast March 4 — 8, 2019. The Ichimoku Kinko Hyo signal line region is expected to test near the 6995 level. Where should we expect an rebound attempt and the continuation of the upward movement with a potential growth target near the 7515 level.
FTSE 100 weekly forecast March 4 — 8, 2019
An additional signal in favor of the growth of quotations of the index in the current trading week of March 4 — 8, 2019 will be the test of the lower limit of the ascending channel. As well as a test support area. Earlier, a weak signal was received for BUY of the FTSE 100 stock index. The signal was formed due to the intersection of signal lines at the level of 6550.
Cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 6720. This will indicate a change in the upward trend in favor of the upward trend and the continuation of the fall. Expect to accelerate the growth of quotations of the stock index FTSE 100 stands with the breakdown of the resistance area and closing above the level of 7265.
FTSE 100 weekly forecast March 4 — 8, 2019 implies an attempt to test the support level near the 6995 area. Where should we expect a rebound and continued growth of the index quotations with a potential target near the 7515 level. The fall in the quotes option will be canceled and the sample of 6720 will be broken This will indicate a continued decline in the FTSE 100 rate.