analysis
AUD USD
binary option
buy sell
Canadian Dollar
candlestick
charts
day trade
day trading
down trend
ElliottWave
Elliott Wave Theory
EUR
Euro
EUR USD
fibonacci
forecast
Forex
futures
how to trade
Japanese Yen
learn to trade
macd
make money trading
moving average
profitable trading
profits
resistance
spread betting
stochastic
stop loss
support
Technical Analysis
technical commentary
Technicals
technical trading
trade idea
trade signals
trading advice
trading education
trend line
up trend
USD
US dollar
volume
Tuesday 03 Aug 2021
FWP Network > Forexhound.com > Analysis > Stock Market Analysis > Indices > Technical forecast for FTSE
Technical forecast for FTSE
Indices · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast
FTSE made it all the way to our upper target of 6769 for a selling opportunity with stops above 6782. We have held support at 6712 but the risk looks to be to the downside today so watch for a break lower to target 6699. Failure here then takes us towards 6678/74. Any longs here need stops below 6665 for good support at 6625/17 & a buying opportunity.
Resistance at 6742/46 could hold the topside today but above here look for resistance at 6770/79 again. A break higher today looks unlikely but could target 6810. A break above 6830 would then open the door to 6861 highs.