News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Stocks appear to be in a corrective phase but could get put to the test; levels and lines to watch in the days ahead. Get your weekly equities forecast from @PaulRobinsonFX here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Further your forex knowledge and gain insights from our expert analysts on AUD with our free guide, available today:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • The Japanese Yen is eyeing the upcoming Bank of Japan rate decision and CPI figures, but JPY crosses will likely remain dependent on broader market sentiment. Get your weekly $JPY forecast from @FxWestwater here:
  • Consolidation or bull flag? A bull flag is a continuation pattern that occurs as a brief pause in the trend following a strong price move higher. Learn how to better spot these formations here:
  • Crude and Brent oil are on track to extend higher as Gulf Coast supply disruptions and a positive OPEC report bolster sentiment. Uranium is on a massive surge, aided by the famous Wall Street Bets group. Get your market update from @FxWestwater here:
  • RT @michaeljburry: Read thread.
FTSE 100 Forecast: Can the Bullish Break Out Continue Post-Brexit?

FTSE 100 Forecast: Can the Bullish Break Out Continue Post-Brexit?

Peter Hanks, Strategist

FTSE 100 Price Outlook:

  • The FTSE 100 surged to test resistance around the 6,860 level
  • Subsequent resistance may reside at the 7,000 mark
  • That said, the FTSE 100 could fall prey to a case of the “buy the rumor, sell the news” effect

FTSE 100 Forecast: Can the Bullish Break Out Continue Post-Brexit?

The FTSE 100 suffered due to Brexit uncertainty for months, but a recent deal may have opened the door to a longer-term recovery. The index has surged nearly 400 points (+5.4%) this week alone, suggesting there is still significant demand for the index even after the agreement was struck in late December. Can the FTSE 100 push higher still or will bullish sentiment recede?

FTSE 100 Price Chart: Daily Time Frame (August 2019 – January 2021)

FTSE 100 price chart daily

How to Trade FTSE 100

Before considering sentiment, it is important to note the technical landscape. The FTSE 100 is currently bolstered by nearby support and a recent golden cross formation, which typically signals a period of rising prices. Apart from the golden cross, the 200-day moving average and the 50DMA themselves may provide consistent support in the days ahead and it could help carry the FTSE 100 higher.

FTSE 100 Price Chart: 4 – Hour Time Frame (June 2020 – January 2021)

FTSE price chart

What is FTSE 100? History, Companies & Price Movements

On the other hand, resistance is rather sparse. Recent price action reveals the Fibonacci level near 6,860 possesses some influence but proximity to price may leave it vulnerable. Secondary and tertiary resistance may reside at the 7,000 and 7,200 levels respectively. Evidently, the path of least resistance seems higher at this stage and sentiment remains optimistic.

That said, market sentiment is a fickle thing so bearish reversals remain a possibility and consolidation could prove healthy for a longer-term continuation higher. In the meantime, however, IG client sentiment data reveals retail traders suspect the rally has reached its end as a majority are net-short. Since we typically take a contrarian view to crowd sentiment, this may suggest the FTSE 100 will continue higher in the weeks ahead. Follow @PeterHanksFX on Twitter for updates and analysis.

--Written by Peter Hanks, Strategist for

Contact and follow Peter on Twitter @PeterHanksFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.