Find a Product / Trader / Group :
FTSE 100
FTSE 100
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Indices
Ticker: FTSE
ISIN: GB0001383545

FTSE 100 - is Rising to Fresh All-Time Record Highs - 01/10/2017

  • who voted?
  • 412
  • 0
On the other hand, the FTSE100 is experiencing the longest run in almost 20-years, printing the eighth consecutive day of records high. The index surpassed above the strong resistance level at 7130, which hold the pair remarkably in the past, and recorded all-time highs. The winning streak of British blue-chip companies is attributed to the multinational companies that report large incomes of dollars, seeing their values increasing.

The technical structure suggests further upside movement as the index rose above all the obstacles that found on its way and recorded an all-time high at 7245. The FTSE100 surged more than 16% since June 2016 following the strong rebound on the 5730 support level. Furthermore, the index found strong support on 6870 level near both the 50 and 100-daily SMAs and shored up as it is approaching the next resistance barrier at 7500 which is the Fibonacci external level 161.8%. Technical indicators are confirming the bullish thought on price as the MACD oscillator is rising with a very solid move and the RSI indicator is following an overbought area.
  • Timeframe : Daily
This member did not declare if he had a position on this product.

About author


Overall rating :
Number of analysis :
Follower(s) :

Add a comment to this analysis

You must be logged in if you want to chat ...

Technical analysis comments

0 comments on the analysis FTSE 100 - Daily