| 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) | Neutral | Buy | Buy |
| SAR(0.02;0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇗ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has surged by 6.96% since the beginning of January. The index bounced off from the lower boundary of an ascending channel pattern at 6450.00.
All things being equal, the GBR.IDX/GBP pair could continue to trend bullish during the following trading sessions. The potential target for bulls would be near the weekly resistance level at 7078.38.
However, a resistance line at the 6950.00 area could provide a barrier for bullish traders within this week's trading sessions.