| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Buy | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Buy | Sell |
| SAR(0.02;0.2) | Buy | Sell | Buy |
| Aggregate | ⇗ | ⇒ | ⇒ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has edged higher by 5.39% since this week's trading sessions. The index was guided higher by the 50– and 100– period SMAs.
All things being equal, the GBR.IDX/GBP pair could continue to surge in a dominant ascending channel pattern during next week's trading sessions. The possible target for bullish traders could be at the 6200.00 area.
However, the weekly resistance level at 6057.8, could provide resistance for the UK100 during the following trading sessions.