| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Buy | Neutral |
| Stochastic(5;3;3) | Buy | Buy | Buy |
| Alligator(13;8;5) | Sell | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇘ |
The UK100, which measures the best 100 performing stocks from the London Stock Exchange, has surged by 6.79% in value since the beginning of December. The pair tested the upper boundary of an ascending channel pattern at 7676.88 on December 27.
Everything being equal, the GBR.IDX/GBP pair will most likely continue to trade north in the ascending channel pattern during the following trading sessions. The potential target will be at the 7800.00 marks.
However, given that the pair the UK100 index is trading near the bottom border of the ascending channel pattern, a breakout could occur within this week's trading sessions.