| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Sell | Neutral | Buy |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The UK100 index, which measures the 100 best performing shares from the London Stock Exchange, has declined by 2.54% since last week's trading sessions. The decline was stopped by the 200– period simple moving average at 6636.8.
As for the near future, the index is likely to continue to edge lower in a narrow descending channel pattern. The potential target for bears would be at the 6450.0 level.
However, the 200– period SMA could still provide support for the GBR.IDX/GBP pair during the following trading sessions.