Be sure to check our sister interview main ratings news website

The FTSE 100 index analysis for the week ahead

The FTSE 100 index traded higher for a third straight week and ended at 6242.32 on Thursday, after notching a high at 6278.31. Although the weekly MACD is heading upwards, the RSI and stochastic indicators are showing loss of upward potential, hinting at the presence of bearish momentum in the coming week. Similarly, on the daily chart, the RSI and stochastic indicators are sharply heading downwards, further endorsing the above view. Key daily support to be seen is located at the 6221/20 level, followed by the next ones at the psychological 6200 and 20day SMA (currently trading at 6145) levels. A move back below the latter might lead to downside momentum in the index. On the contrary, key daily resistance to be watched resides at the 6284/85 level, with the 6314/15 and 6360/66 levels as the next potential upside targets.

Click to view all articles for the EPIC: FTSE
Or click to view the full company profile:

More articles like this

Cashflow accounting – The need for consistency

20th September 2017

According to the US Securities and Exchange Commission, “Cashflow statements report a company’s inflows and outflows of cash”. This is such a simple and obvious statement. Unfortunately, the failure of accounting bodies around the world to

FTSE recovering much of the ground lost at the end of last week

7th November 2016

The gap up and push higher sees the index recovering much of the ground lost at the end of last week, as the longer-term uptrend reasserts itself. Crucially, the index is holding above the mid-September lows,

The FTSE is pushing lower once more this morning and an incredible rally for GBPUSD

4th November 2016

FTSE The FTSE is pushing lower once more this morning, with price breaking below the crucial 6767 mark. That provides us with the confidence that the short term trend is set to continue and as such,

FTSE100 Bullish breakout “uptrend in play”

15th August 2016

FTSE 100 The FTSE touched and rejected Friday’s high of 6932 this morning, with the index remaining within a period of sideways consolidation. There is a clear uptrend in play here and as such, the expectation

Is the FTSE running out of steam ? Dax Gains have stalled

15th July 2016

FTSE: After several attempts to break above 6700, the FTSE 100’s bounce is finally running out of steam, 6650 provided some support on Wednesday , but the shift below here so far on Friday might suggest

EURUSD selloff back on, GBPUSD at key crossroads, FTSE100

13th July 2016

FTSE 100 Having shot higher for two days, the index is entering a period of consolidation, with the potential for downside support at 6600 and then 6500. Although the index has moved sharply higher, with new

FTSE 100 index “Tehnical analysis for the week ahead”

27th June 2016

After forming a hammer candlestick pattern on the daily chart on 16 June 2016, the FTSE 100 index continued to trade higher till Thursday. However, the index posted significant losses on Friday, only to record marginal

FTSE pulls back from historical range top, DAX expected to break higher from consolidation

21st June 2016

The FTSE rally hit the buffers yesterday as the index reached the crucial 6237 level (March peak) which previously market the top of a month long range. This does not mean we will be back trading

Trapdoor moment about the FTSE 100 today? Does DAX look weak ?

13th June 2016

There is a sense of a trapdoor moment about the FTSE 100 today, with the index hovering above 6050 this morning. This is a key support area, which prevented further downside throughout May and even in

DAX crashes through key support, FTSE hits crucial Fibonacci support

10th June 2016

The FTSE has seen yet another sharp leg lower this morning, in a continuation of the weakness we have seen dominate the second half of the week. However, looking at the four hour chart, this recent

FTSE 100 has recovered after a tricky start to the week

3rd June 2016

After a difficult start to the week the FTSE 100 has recovered, although it has yet to regain the highs around 6300. A close above 6250 would likely negate the bearish outlook and shift the view

FTSE selloff could be on, DAX begins to trend lower

1st June 2016

The FTSE fell sharply yesterday, following on from a week long period of consolidation. This pullback comes at a time when the uptrend had been slowing and thus this move portrays last week as a period

FTSE remains in the range, DAX attempted break runs into resistance

31st May 2016

The FTSE is expected to open back in the range which dominated the second half of last week. Despite price action over yesterday pointing towards a rally outside of this 6250-6281 range, this is less reliable

FTSE continues to consolidate after rally

27th May 2016

The FTSE has been trading largely sideways since breaking through the major 6237 resistance on Tuesday. Given that rally and the fact that we are only seeing a sideways range rather than any selling pressure, it

Todays FTSE100, S&P500, DAX reports

23rd May 2016

The Monday open has failed to build on the gains from the end of last week, with the index stuck in the purgatory between the 100-day and 200-day SMAs (roughly 6060 to 6160). Until we have

FTSE 100 index “potential upside momentum in the near term”

23rd May 2016

The FTSE 100 index recorded marginal gains in the previous week to settle at 6156.32, and touched the 6215.88 level on Tuesday. Although the daily MACD is trading in the negative territory, RSI and stochastic are

FTSE bounces from key support level, Awaiting a triangle breakout for DAX, Dow at crucial crossroads

20th May 2016

FTSE bounces from key support level The FTSE has reversed higher once more from the 6060 support level which underpinned price over the past two months. Typically we have seen any such bounce rise to the

FTSE sells off from resistance

18th May 2016

The FTSE sold off once more from the crucial 6237-6249 resistance zone yesterday, providing the possibility of a bearish head and shoulders pattern, which would require a break below 6006 for completion. Currently the index is