| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Buy | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Buy | Neutral | Neutral |
| Alligator(13;8;5) | Buy | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Buy |
| Aggregate | ⇗ | ⇘ | ⇒ |
The UK100, which measures the best 100 performing shares from the London Stock Exchange, has declined by 5.08% since the last two weeks. The UK100 index tested the 5950.00 level on August 21.
As for the near future, the shares could continue to decline in the descending channel pattern. The potential target for bearish traders would be at the 5850.00 area.
However, a support cluster formed by the weekly and the monthly PPs at 6026.18 could provide support for the GBR.IDX/GBP pair in the shorter term.