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UK100 trade ideas

FTSE Last drop before buying for the medium-term.The FTSE 100 Index (UK100) delivered a strong short-term buy signal last time we looked at it (see chart below): The index has been since rejected twice on the Lower Highs trend-line of what is almost a year long Descending Triangle. We will wait for a test of the Support Zone, ideally when the 1D RSI tests its Higher Lows trend-line and buy for the medium-term. Our target is the 0.618 Fibonacci retracement level at 7535. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
CAPITALCOM:UK100
by TradingShot
UK100 to extend its losses?UK100GB - Intraday Posted a Double Bottom formation. A break of the recent low at 7328 should result in a further move lower. Short term bias is bearish. Trading within a Corrective Channel formation. The lack of interest is a concern for bulls. The bias is to break to the downside. We look to Sell a break of 7319 (stop at 7369) Our profit targets will be 7204 and 7184 Resistance: 7375 / 7400 / 7430 Support: 7322 / 7300 / 7260 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:UK100GBPShort
by OANDA
UK100GBP support has been clearly broken.UK100 - 24h expiry Short-term bias has turned negative. Our bespoke support of 7600 has been clearly broken. Previous support at 7610 now becomes resistance. Short-term momentum is bearish. Posted a Double Top formation. 50 4-hour EMA is at 7608. We look to Sell at 7609 (stop at 7659) Our profit targets will be 7484 and 7454 Resistance: 7590 / 7610 / 7650 Support: 7540 / 7490 / 7460 Risk Disclaimer The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy. Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
OANDA:UK100GBPShort
by OANDA
uk100 sell trade - The UK economy is weighed down by the weak UK economic data, the dovish Bank of England (BOE), and the political and fiscal risks in the region. The UK inflation remains well above the BOE's target of 2%, while the growth outlook is clouded by the Covid-19 variants, the energy crisis, and the supply chain disruptions. The BOE is expected to maintain its ultra-loose monetary policy and its massive asset purchase program for longer, which would weaken the pound and reduce its yield advantage over other currencies. - The US Dollar is boosted by the robust US economic data, the hawkish Federal Reserve, and the safe-haven demand amid the global uncertainty. The US inflation remains elevated at 3.7% year-on-year in September, while the growth outlook is supported by the fiscal stimulus, the vaccination progress, and the consumer spending. The Federal Reserve is expected to start tapering its quantitative easing program and raise interest rates sooner than previously anticipated, which would strengthen the dollar and increase its yield advantage over other currencies.
UShort
by Mansa_Musa_Capital
1