FTSE 100 Weekly Price Chart Analysis – 18 February 2022

FTSE 100 Price Technical Analysis: Weekly Chart

• In the weekly charts, FTSE 100 is trading in an upward channel.
• FTSE 100 is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
• FTSE 100  will follow an uptrend in the coming weeks.
• The FTSE 100  crucial support level is at 7,165.8  FTSE 100 which is near 20 days SMA as of now. There are no signs of a bearish trend.
• Bulls have their tight grip on  FTSE 100   .

TRADE SIGNAL- FTSE 100– Buy: 7,490.80, TARGET:-7,590.30, STOP LOSS:- 7,440.55.