UK100 (FTSE)-Weekly forecast, Technical Analysis & Trading Ideas

Jan 28

Midterm forecast:

• 8380.25 is a major support, while this level is not broken, the Midterm wave will be uptrend.
  

Technical analysis:

• The ascending flag taking shape suggests we will soon see another leg higher.
  
• A trough is formed in daily chart at 8006.10 on 12/20/2024, so more gains to resistance(s) 8664.21, 8765.00, 9000.00 and more heights is expected.
  

Take Profits:

1. 8083.43
   
2. 8183.03
   
3. 8242.89
   
4. 8380.25
   
5. 8485.05
   
6. 8664.21
   
7. 8765.00
   
8. 9000.00
   

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Now, it's your turn!
Be sure to leave a comment; let us know how you see this opportunity and forecast.

Have a successful week,
ForecastCity Support Team

Feb 15

Trade active

As we forecasted, the price reached all TPs from 1 to 5.