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 London - FTSE (FTSE.NDX) Close: 7 277.92 (-24.49), Feb 16, 2017

Chart Technical Analysis London - FTSE (FTSE)

rsi chart
 Positive Candidate -Long term, Feb 16, 2017Analysis Explanation
London - FTSE is in a rising trend, but is now testing the ceiling of the trend channel. This may give a reaction down, while a continued rise within the trend channel may be expected for the longer term. 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 broken up through the resistance at points 7100. This predicts a further rise. In case of negative reactions, there will now be support at points 7100. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically positive for the long term.

1 day-0.81%0.00-0.34%
5 days0.002.65%0.00+0.67%
22 days0.006.54%0.00+0.80%
66 days0.0011.44%0.00+8.13%
Trend 2%5685.21 - 7538.90
Inverse Head and Shoulders 2016-06-30
Head and Shoulders Pattern2015-08-21
Rectangle2014-10-01

 


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