| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇗ | ⇒ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has surged by 3.63% since the beginning of March. The index tested the 6750.0 level this week.
Technical indicators suggest buying signals on the 4H and daily time-frame charts. The UK100 index could continue to edge higher during the following trading sessions. The potential target will be near the 7000.0 level.
However, the upper line of an ascending channel pattern could provide resistance for the GBR.IDX/GBP pair in the shorter term.