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Technical Analysis GB100 : 2016-01-19

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

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Will sideways market persist? British FTSE 100 stock market index has verged the support of the neutral channel at 3-year low. The bullish momentum may develop in case the level of support stays as it is. The UK economic indicators look better than in EU. Moreover, the positive RSI divergence has formed which is a technical signal. Will FTSE 100 edge up? The UK GDP in the 3rd quarter was 2.1% year over year while the unemployment was 5.2%. In EU the same indicators were 1.6% and above 10%. The

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