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 London - FTSE (FTSE.NDX) - Close: 6 773.44 (-34.31), Jul 30, 2014

Chart Technical Analysis London - FTSE (FTSE)

 Positive Candidate -Long term, Jul 30, 2014Analysis Explanation
London - FTSE is within a rising trend and continued advance within the current trend is indicated. On reactions back, there is support against the floor of the trend channel. Is moving within a rectangle formation between support at 6697 and resistance at 6933. A decisive break through one of these levels indicates the new direction for the index. 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 is testing the resistance at points 6800, which may give a negative reaction. The index is overall assessed as technically positive for the long term.

1 day-0.54%0.00-0.50%
5 days0.001.79%0.00-0.36%
22 days0.004.73%0.00+0.44%
66 days0.007.77%0.00+1.31%
Trend 9%6410.05 - 7630.94
Rectangle2013-01-02
Double Top Pattern2011-08-03


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