| Indicator | 4H | 1D | 1W |
|---|---|---|---|
| MACD(12;26;9) | Sell | Sell | Sell |
| RSI(14) | Neutral | Neutral | Neutral |
| Stochastic(5;3;3) | Neutral | Neutral | Neutral |
| Alligator(13;8;5) | Neutral | Sell | Sell |
| SAR(0.02;0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇘ | ⇘ |
The 50– period simple moving average has pressure the UK100 index lower since the end of August. The pair tested the weekly support level at 5780.4 during last week's trading sessions.
The GBR.IDX/GBP pair bounced off the weekly S1 at 5780.4 during this week's trading sessions. Most likely, the pair will continue to edge up during the following trading sessions.
However, the 50– period SMA at 5925.17 could still provide resistance for the UK100 this week.