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FTSE 100: Time to short already?

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 19, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FTSE 100 Technical Analysis: Daily Chart Momentum: MACD: Positive RSI: No clear trend Stochastic: Buy signal, in overbought territory Daily Price Action Trend: Neutral Last relevant high: 6,036.5 Last relevant low: 5,499.5 Comment: The FTSE couldn’t make it five successive days of gains yesterday as London’s leading index fell on the bank of disappointing inflation data from China and a lack of encouragement from the Bank of England. Technically the market did break the previous sessions high

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