| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Buy | Sell | Sell |
| Aggregate | ⇗ | ⇘ | ⇘ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has surged by 2.76% since September 25. The index tested the 200– period simple moving average at 5957.03 on October 6.
All things being equal, the GBR.IDX/GBP pair could continue to edge higher during the following trading sessions. Bullish traders are likely to target the upper line of a descending channel pattern at 6050.3.
However, the 200– period SMA could still provide resistance for the UK100 within this week's trading sessions.