| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Buy | Buy | Buy |
| 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 shares from the London Stock Exchange, has declined by 26.45% in value since February 20. The 50– period simple moving average has pressured the pair lower during this period.
As for the near future, the GBR.IDX/GBP pair will most likely continue to trade south. A potential target through the lower boundary of a descending channel pattern could occur in the near term.
However, if the descending channel pattern holds, the UK100 will make a pullback within next week's trading sessions.