FTSE to breakdown from a wedge?UK100 - 24h expiry -
Previous support located at 7740.
Previous resistance located at 7800.
We are trading close to the end of an ascending Ending Wedge Formation.
We expect a reversal in this move.
A move through 7740 will confirm the bearish momentum.
We look to Sell a break of 7740 (stop at 7820)
Our profit targets will be 7560 and 7550
Resistance: 7800 / 7820 / 7850
Support: 7740 / 7700 / 7550
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UK 100
uk100 shortprice has been ranging between bottom resistance @6780.2 and top resistance @7917.9 on a daily timeframe. 0n the 1hour timeframe there is a small resistance at 7636.6 which price retested in an ascending channel. On the 15min there is a flag which I'm using as entry with stoploss at 7661.7 and take profit at 7465.2
Has FTSE formed a swing low?UK100 - Intraday -
Previous support located at 7600.
Previous resistance located at 7650.
Price action has continued to trend strongly lower and has stalled at the previous support near 7500.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
A move through 7650 will confirm the bullish momentum.
We look to Buy at 7521 (stop at 7456)
Our profit targets will be 7681 and 7711
Resistance: 7650 / 7700 / 7750
Support: 7600 / 7500 / 7400
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
FTSE Broke from a range to the upside.Previous support located at 7950.
Previous resistance located at 8000.
The correction lower is assessed as being complete.
Further upside is expected.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 8006 and 8024
UK100 - Intraday - We look to Buy at 7926 (stop at 7894)
Resistance: 800 / 8050 / 8100
Support: 7950 / 7900 / 7850
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UK100 to breakdown?UK100 - Intraday - We look to Sell a break of 7899 (stop at 7943)
Previous support located at 7900.
Previous resistance located at 7975.
Bearish divergence can be seen on the 4 hour chart (the chart makes a higher high while the oscillator makes a lower high), often a signal of exhausted bullish momentum, or at least a correction lower.
Price action looks to be forming a top.
A move through 7900 will confirm the bearish momentum.
Our profit targets will be 7789 and 7759
Resistance: 7975 / 8000 / 8050
Support: 7900 / 7750 / 7700
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UKX to 9090?FTSE100 (UK100, UK stocks index) been laggard for many years in comparison with many of it's peers. Now it seems the UKX will finally make new all-time high🍾 and will go even higher. I think we are in continuation move up after breaking out of the consolidation in form of triangle. Target @ 9090 being measured move - height of the triangle projected from midpoint of local range. Invalidation would be the local range low @ 4791 which is too far away meaning unfavourable reward risk ratio but this idea is rather about directional bias. Bear in mind this is monthly chart so the move will not happen over night obviously.
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Buying FTSE at current lows.UK100 - Intraday - We look to Buy at 7525 (stop at 7495)
Previous support located at 7525.
Previous resistance located at 7600.
Broken out of the channel formation to the upside.
Risk/Reward would be poor to call a buy from current levels.
A move through 7600 will confirm the bullish momentum.
Our profit targets will be 7605 and 7635
Resistance: 7600 / 7675 / 7700
Support: 7525 / 7500 / 7450
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UK100 27th DECEMBER 2022Uncertainty of trade relations with the EU dealt a big blow to investment and business, which in the third quarter was 8% below pre-pandemic levels. Although, the trade deal between the UK and the EU has been ongoing for two years.
The UK's decision to leave the European Union, known as Brexit, has had a major impact on the UK economy. Brexit has been a drag on UK businesses and foreign companies using the UK as a European base. It weighs on imports and exports, drains foreign exchange, and contributes to labor shortages. All of which exacerbates the UK's inflation problem to the detriment of workers and the business community.
Buying FTSE on dips.UK100 - Intraday - We look to Buy at 7460 (stop at 7412)
Previous support located at 7450.
Previous resistance located at 7550.
Further upside is expected although we prefer to set longs at our bespoke support levels at 7450, resulting in improved risk/reward.
A move through 7550 will confirm the bullish momentum.
Our profit targets will be 7570 and 7600
Resistance: 7550 / 7600 / 7650
Support: 7450 / 7400 / 7375
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UK100GBP LongThe index has retested the upper trend line of the falling flag, after the breakout.
I anticipate that the index will continue with the bullish momentum since the client sentiment indicate that there are more than 70% of the traders are bearish, a major indication that the price might move reversal of that.
My entry point is 7570, my targets are 7650, 7700, and 7810.
My Stop loss is at 7490, which is below a major market zone. My target R:R is 1:3.
Kindly, risk on 1-2% of your account.
UK100 - Skill or timing? I love this chart, so different but yet so technical. Parallel channels, crossroads. Trend Based Fib extension used from low to high to low. Retracement to fib 0.618 if losing 0.382. Continuation on the green spider web channel up with resistance at red 0.382 (middle of the channel). Should the trend continue, will be looking at fib above at 0.618. I like it.
FTSE broken out of downside target 7.890Reverse Cup and Handle has formed on the FTSE100
7 >21 >200 - Bullish
Target 7,890
Also we have the medium term downtrend broken up for the first time and so bullish momentum is kicking in.
Buying UK100 at previous resistance.UK100 - 10h expiry- We look to Buy at 7201 (stop at 7139)
Previous support located at 7250.
Previous resistance located at 7300.
A lower correction is expected.
Risk/Reward would be poor to call a buy from current levels.
A move through 7300 will confirm the bullish momentum.
Our profit targets will be 7349 and 7399
Resistance: 7300 / 7350 / 7400
Support: 7250 / 7200 / 7150
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Buying UK100 at market.UK100 - 10h expiry - We look to Buy at 6965 (stop at 6905)
Previous support located at 7000.
Previous resistance located at 7050.
Further upside is expected although we prefer to set longs at our bespoke support levels at 6965, resulting in improved risk/reward.
A move through 7050 will confirm the bullish momentum.
Our profit targets will be 7115 and 7125
Resistance: 7050 / 7100 / 7125
Support: 7000 / 6965 / 6925
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
UK100 price action forming a bottom?UK100 - Intraday 9pm UK time - We look to Buy at 6850 (stop at 6790)
Previous support located at 6900.
Previous resistance located at 6950.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
Bullish engulfing has been posted recently.
Our profit targets will be 7000 and 7050
Resistance: 6950 / 7000 / 7050
Support: 6900 / 6850 / 6800
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Buying UK100 at market.UK100 - Intraday - We look to Buy at 7000 (stop at 6940)
Previous support located at 7050.
Previous resistance located at 7100.
Price action looks to be forming a bottom.
Risk/Reward would be poor to call a buy from current levels.
Our profit targets will be 7150 and 7170
Resistance: 7100 / 7150 / 7170
Support: 7050 / 7000 / 6950
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.