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Monday 08 Mar 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 Sep13 made it to 6470/75 & topped just above at 6484. We are starting to look overbought short term & on the daily chart but if this does not hold the topside today, look for a move towards strong Fibonacci resistance at 6515 for a selling opportunity with stops above 6530.
We have broken a 1 week trend line this morning which may trigger a move towards 6444. Below here look for 6419, possibly a test of good support at 6400. We look for a low for the day here but longs need stops below 6375 for good support at 6360/50 & what should be an excellent buying opportunity.