| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Buy |
| RSI(14) | Sell | Sell | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Sell |
| Alligator(13;8;5) | Buy | Buy | Buy |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇗ |
The UK100 index, which compiles the top 100 capitalized UK companies listed on the London Stock Exchange, has surged by 4.05% since March 25. The GBR.IDX/GBP pair breached a three-month resistance level at 6808.4 during this week's trading sessions.
Technical indicators suggest buying signals on the 4H, daily and weekly time-frame charts. Most likely, buyers could continue to pressure the price higher during the following trading sessions.
However, bullish traders could encounter resistance near the 6950.00 level this week.