| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Buy | Buy |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Sell |
| Alligator(13;8;5) | Sell | 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 5.58% since last December 1. The index tested the weekly R1 at 6634.53 on December 10.
The GBR.IDX/GBP pair is currently trading near the lower boundary of an ascending channel pattern and could be set for a breakout.
If the breakout occurs, a decline towards the 200– period simple moving average at 6288.90 could be expected during the following trading sessions.
However, if the channel pattern holds, bullish traders could continue to pressure the price higher during this week's trading sessions.