| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Sell | Neutral | Neutral |
| Stochastic(5;3;3) | Sell | Sell | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Buy | Buy |
| Aggregate | ⇒ | ⇗ | ⇒ |
During the past week, the UK 100 has appreciated by 5.57% in value. The price breached a swing higher at 7442.2 on December 16. Currently, the pair is trading in a narrow ascending channel pattern.
All things being equal, the GBR.IDX/GBP pair could make a brief retracement down towards the 50.00% Fibonacci retracement level at 7329.4 within this week's trading sessions.
However, technical indicators demonstrate that the UK 100 index will likely continue to trading in the ascending channel pattern during the following trading sessions.