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 London - FTSE (FTSE.NDX) - Close: 6 724.03 (+13.90), Jul 26, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Weak Positive Candidate -Medium term, Jul 26, 2016Analysis Explanation
London - FTSE has broken the ceiling of the falling trend, which indicates a slower initial falling rate. Has given positive signal from a inverse head and shoulders formation by a break up through the resistance at 6397. Further rise to 7425 or more is signaled. The index has support at points 6430 and resistance at points 7100. RSI is overbought. This shows that the momentum of The index is strong and that the price may well rise further in the short term. We should see a decline in the RSI chart before this is seen as a negative signal. The index is overall assessed as technically slightly positive for the medium long term.

1 day-0.86%0.00+0.21%
5 days0.002.85%0.00+0.40%
22 days0.006.72%0.00+9.54%
66 days0.0011.62%0.00+5.37%
Trend -12%5211.12 - 6018.18
Inverse Head and Shoulders 2016-06-30
Long Term Trading Range2016-06-23
Short Term Trading Range2016-06-23
Moving average2016-03-29
Double Bottom Pattern2015-10-05

 


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