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 London - FTSE (FTSE.NDX) - Close: 6 730.48 (+30.59), Jul 22, 2016

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Positive Candidate -Long term, Jul 22, 2016Analysis Explanation
London - FTSE shows a strong development within a rising trend channel. A further positive development is indicated, and there is support against the floor of the trend channel. 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 is approaching the resistance at points 6860, which may give a negative reaction. The index is overall assessed as technically positive for the long term.

1 day-0.87%0.00+0.46%
5 days0.002.87%0.00+0.92%
22 days0.006.70%0.00+7.50%
66 days0.0011.60%0.00+5.08%
Trend 2%5601.09 - 7427.36
Inverse Head and Shoulders 2016-06-30
Head and Shoulders Pattern2015-08-21
Rectangle2014-10-01

 


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