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FTSE100 Trading Signals
The FTSE100 is currently showing signs of heading towards 8148.8799 in the next 3 days. This level has been tested multiple times in the past, indicating a strong level of resistance. However, there is a possibility of a rebound instead of a breakout at this level. In case the breakout does not occur, there could be a retracement back to current levels.
Trading Strategy and Technical Indicators:
- The trading strategy for this signal involves monitoring the price action around the 8148.8799 level to determine the likelihood of a breakout or a rebound.
- Technical indicators such as RSI, MACD, and Bollinger Bands can be used to confirm the strength of the trend and potential reversal points.
Correlation with Assets:
The FTSE100 is often correlated with other major stock indices such as the S&P 500 and the DAX. Traders can monitor these indices for additional confirmation of the FTSE100’s price movements.
Economic Calendar Events:
Traders should also keep an eye on key economic events such as GDP releases, central bank meetings, and employment reports that could impact the FTSE100’s price movements.
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