FTSE 100: WEEKLY SCENARIO – 16 February 2022

Technical Analysis

FTSE 100 Price Technical Analysis: Weekly Chart

FTSE 100 Price Technical Analysis
  • 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: 7,120.80, TARGET:-7,170.30, STOP LOSS:- 7,095.55.

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