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 London - FTSE (FTSE.NDX) Close: 7 323.98 (-63.89), Aug 18, 2017

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Weak Positive Candidate (Score: 26)
-Overall analysis, Aug 18, 2017
Analysis Explanation
London - FTSE is technically positive for the short and long term, but negative for the medium term.

 Weak Positive Candidate (Score: 28)
-Short term
London - FTSE is within a falling trend. Continued negative development within the trend channel is indicated. The index is testing the support at points 7315, which may give a postive reaction. The RSI curve shows a falling trend, which supports the negative trend. The index is overall assessed as technically slightly positive for the short term.

 Weak Negative Candidate (Score: -29)
-Medium term
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. The index has broken down through the support at points 7400. This predicts a further decline. In case of positive reactions, there will now be resistance at points 7400. The index is assessed as technically slightly negative for the medium long term.

 Weak Positive Candidate (Score: 48)
-Long term
London - FTSE has broken the floor of the rising trend, which indicates a weaker initial rising rate. Has met the objective at 7425 after a break of a inverse head and shoulders formation. The price has now fallen, but the formation indicates further rise. The index is between the support at points 7100 and the resistance at points 7540. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically slightly positive for the long term.

1 day-0.62%0.00-0.86%
5 days0.002.03%0.00+0.19%
22 days0.004.75%0.00-1.44%
66 days0.008.76%0.00-2.39%

 


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