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GBR.IDX/GBP bounces off support

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Indicator4H1D1W
MACD(12;26;9)BuySellBuy
RSI(14)NeutralNeutralNeutral
Stochastic(5;3;3)SellNeutralNeutral
Alligator(13;8;5)BuySellBuy
SAR(0.02;0.2)BuySellSell
Aggregate⇗⇘⇒

[ANNOUNCE]The GBR.IDX/GBP pair bounced off a support level at 6838.7 on September 20. As a result, the Financial Times Stock Exchange 100 Index has surged by 3.75% since this week's trading sessions.[/ANNOUNCE]

Everything being equal, the index could continue to trend higher during the following trading days. The potential target for bullish traders will be near the 7250.00 level.

However, the upper boundary of a descending channel pattern could provide resistance for sellers within this session.

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24 Sep 2021

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