| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Neutral | Sell |
| SAR(0.02;0.2) | Buy | Buy | Sell |
| Aggregate | ⇗ | ⇒ | ⇘ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has declined by 5.10% since last week's trading sessions. The pair tested the lower boundary of an ascending channel pattern at 5657.9 on April 22.
The GBR.IDX/GBP pair is currently trading near the lower boundary of the ascending channel pattern at 5744.2 and could be set for a breakout.
If the breakout occurs, a decline towards the weekly S2 at 5343.9 could be expected today.
However, if the channel pattern holds, bulls would pressure the price towards the 6100.00 area during next week's trading sessions.