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 London - FTSE (FTSE.NDX) - Close: 6 453.87 (+51.70), Oct 29, 2014

Chart Technical Analysis London - FTSE (FTSE)

 Weak Positive Candidate (Score: 26)
-Overall analysis, Oct 29, 2014
Analysis Explanation
London - FTSE is technically neutral for the short and medium term, but positive for the long term.

 Neutral (Score: -13)
-Short term
London - FTSE has broken the falling trend and reacted strongly up. For the time being, it is difficult to say anything about the future trend direction. The index has support at points 6200 and resistance at points 6560. The index is assessed as technically neutral for the short term.

 Neutral (Score: 0)
-Medium term
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. Has met the objective at 6241 after the break of a rectangle formation. The price has now risen again, but the formation indicates a further fall. The index has marginally broken up through the resistance at points 6440. An established break predicts a further rise. The index is overall assessed as technically neutral for the medium long term.

 Positive Candidate (Score: 61)
-Long term
London - FTSE has broken through the floor of a rising trend channel. This indicates a slower rising rate at first, or the start of a more horizontal development. Has given positive signal from a rectangle formation by a break up through the resistance at 6023. Further rise to 7259 or more is signaled. The index has support at points 6000 and resistance at points 6800. The RSI curve shows a falling trend, which could be an early signal for the start of a falling trend. The index is overall assessed as technically positive for the long term.

1 day-0.54%0.00+0.81%
5 days0.001.81%0.00+0.85%
22 days0.004.92%0.00-2.90%
66 days0.007.17%0.00-4.92%


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