| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Buy |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇘ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has been trading sideways since the end of March. The 100– period simple moving average provided support for the pair during this period.
Everything being equal, the GBR.IDX/GBP pair could edge higher during the following trading sessions. The possible target for bullish traders would be near the 6400 area.
Although, a resistance level formed by the 200– period SMA at 5849.5 could provide resistance for the UK 100 index in the shorter term.