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FUND Sell 16.05.2024 10:31

FTSE 100: the price range expands, clearing the way for the "bulls" to new local highs

The leading index of the London Stock Exchange FTSE 100 continues to grow quite actively, updating record highs. The instrument is testing 8443.0 for a breakout, while there are quite a few strong drivers for the movement of quotes. This is partly why investors are focusing on the UK labor market report, published earlier in the week.

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TECH Buy 09.05.2024 08:39

FTSE 100: candlestick analysis

On the four-hour chart, the price is holding at 8356.8: at the key support level of 8171.4, buyers have formed a Bullish Marubozu continuation pattern for the uptrend, followed immediately by a Long-Legged Doji, which confirms the continued uncertainty in the market. 

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Indicators

MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Sell
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Wait
MA10
MA20
MA50
MA100
MACD
BBands
Ichimoku
Stochastic
William`s
ZigZag
Overall recommendation Buy

Market sentiment

0% sell
100% buy