👋 Interested in how you can make an $1,000 per day with a trusted heavily regulated ⭐⭐⭐⭐⭐ 5-star international broker? Sign up for a free consultation.
Trading Signal: FTSE100 Breaks Resistance Line
FTSE100 has recently broken through a key resistance line, after testing it multiple times in the last 5 days. This breakout could signal a potential move towards 8633.2325 within the next 5 hours. However, it is important to exercise caution and wait for confirmation of the breakout before taking any action.
Trading Strategy and Technical Indicators Used:
- The trading strategy employed for this signal is based on trend-following principles, with a focus on breakout trading.
- Technical indicators such as moving averages, RSI, and MACD were used to identify the potential breakout and confirm the strength of the trend.
- Volume analysis was also taken into consideration to gauge the level of market participation in the breakout.
Correlation with Assets:
FTSE100’s movement may be correlated with other major indices such as S&P 500 and DAX, as well as commodities like gold and oil. Traders should keep an eye on these assets for potential confirmation signals.
Economic Calendar Events:
Traders should also be aware of upcoming economic calendar events that could impact the FTSE100, such as GDP releases, interest rate decisions, and employment reports. These events can create volatility and affect the direction of the index.
⚠ If you wish to learn how to invest in the right stocks or trade successfully online, you can look into our free daily news about stock market news, crypto market news, commodities news, forex news, and financial markets daily technical analysis and trading signals.
