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FTSE 100 – Momentum indicators in overbought territory

Discussion in 'Technical Analysis' started by FXStreet_Team, Apr 15, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FTSE 100 Daily Technical Chart Momentum: MACD: Buy RSI: No clear trend Stochastic: Buy signal, in overbought territory Daily Price Action Trend: Neutral Last relevant high: 6,373.9 Last relevant low: 6,061.9 Comment: After the big rally on Wednesday, yesterday session was quite with the market closing flat. Technically the FTSE did for a new relevant high and the momentum indicators have pushed marginally more overbought. A sell pattern will be formed today if: 6,335.4 is broken without

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