| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | 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 8.61% since October 13. The UK100 Index tested the lower boundary of a descending channel pattern at 5500.00 during this week's trading session.
The LSE Index bounced off the lower line of the channel pattern at 5500.00 on November 2. Most likely, bullish traders are likely to drive the price higher during the following trading sessions.
However, a resistance cluster at 5882.59 could provide a barrier for the GBR.IDX/GBP pair within this week trading sessions.