FTSE 100 INDEX Technical Analysis: Weekly Chart
In the weekly charts, FTSE 100 INDEX is trading in an up channel. FTSE 100 INDEX is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 7700 & the resistance level is at 8100
FTSE 100 INDEX will trade in an up channel until there is a trend reversal.
FTSE 100 INDEX Technical Analysis: Daily Chart
In the daily charts, FTSE 100 INDEX is trading in an up channel. FTSE 100 INDEX is currently trading above all SMA.
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 7800 & the resistance level is at 8100
FTSE 100 INDEX will trade in an up channel until there is a trend reversal.
How to Trade FTSE 100 INDEX this Week:
FTSE 100 INDEX will follow the uptrend until its trend reversal. So, remain bullish on FTSE 100 INDEX