| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇓ | ⇘ | ⇗ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has continued declined by 3.82% in value since January 20. The pair breached the 55-, 100– and 200– period SMAs during this period.
The GBR.IDX/GBP pair bounced off a support level formed by the weekly S2 at 7439.4 on January 28. Most likely, the pair could aim at a resistance cluster formed by the weekly PP and the 55– and 100– period SMAs at 7583.8.
However, technical indicators flash sell signals on the 4(H) time-frame chart. Therefore, the decline might continue during the following trading sessions.