| 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 Index, which compiles the top 100 capitalized UK companies listed on the London Stock Exchange, has declined by 2.16% since March 15. The decline was stopped by the 200– period simple moving average at 6647.9 during the Asian session on Wednesday.
If the 200– period SMA support line holds, the UK100 Index could make a pullback towards the 6900.0 level during the following trading sessions.
However, if the GBR.IDX/GBP pair breaks the support cluster at 6647.9, bearish traders are likely to continue to pressure the price lower within this week's trading sessions.