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.

Free Trading Guides
EUR/USD
Bearish
Oil - US Crude
Mixed
Wall Street
Bullish
Low
High
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
Gold
Bearish
Low
High
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
GBP/USD
Mixed
USD/JPY
Bearish
Low
High
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
  • S&P 500 Surges as VIX 'Fear-Gauge' Implodes Post-Jobs Report (via @DailyFX) $ES_F $SPX $SPY $VIX #Stocks #StockMarket #Trading #Analysis #Volatility #NFP https://t.co/laVWdqMgDG
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Wall Street: 0.05% US 500: 0.03% FTSE 100: -0.48% France 40: -0.51% Germany 30: -0.61% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/k8WwORiUth
  • US COVID-19 cases increase at 1.2%, same as previous week's average - BBG
  • The price of #gold has traded to fresh yearly highs during every single month so far in 2020, and the precious metal may continue to exhibit a bullish behavior in June. Get your $XAUUSD market update from @DavidJSong here: https://t.co/OeaYtCpcIo https://t.co/wFVEtNsKiN
  • Are recent gains in the Indian Rupee and Nifty 50 warranted? Risks are brewing in the background, leaving USD/INR in a consolidative setting as the Nifty pressures resistance. Get your $USDINR market update from @ddubrovskyFX here:https://t.co/svDaSdprvN https://t.co/jtl19JX4Bd
  • With the risk appetite charge this week and the particular performance from US indices, I wanted to overlay US GDP (annualized) over the Log scale of the Wilshire 5000 (Fed doesn't have Dow/SPX back far enough) to show fundamentals are not steering this boat https://t.co/bXtc7nSCQq
  • 🇺🇸 Consumer Credit Change Actual: $-68.78B Expected: $-20B Previous: $-12.1B https://www.dailyfx.com/economic-calendar#2020-06-05
  • Nasdaq 100 Sets Fresh All-Time-Highs, US Stocks Jump on Jobs Report https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/daily_fundamentals/2020/06/05/Nasdaq-100-Sets-Fresh-All-Time-JS-High-US-Stocks-Jump-on-Strong-Jobs-Report.html https://t.co/SKiFAIEgMa
  • #Nasdaq: The market rising vertically into the top-side line and it also roughly matching the psychological 10k threshold (10100/200), we have the perfect recipe for a significant inflection point. Get your Nasdaq market update from @PaulRobinsonFX here: https://t.co/e248c13kKI https://t.co/g0nllIycxl
  • So long as the market's keep going up, there is less reason for the administration not to take more drastic action to pursue options to leverage near-term growth through policies like protectionism https://t.co/HPUmh5v83V
FTSE 100 Technical Update: Supported in Holiday Drift

FTSE 100 Technical Update: Supported in Holiday Drift

2016-12-22 09:10:00
Paul Robinson, Strategist
Share:

What’s inside:

  • FTSE 100 lacking volatility in light trade, but still need to remain on our toes if trading
  • Record high levels look likely to get tested at some point
  • Good support below should the market take a minor hit

Trading Guides for Beginner to Advanced Traders

The FTSE 100, like other global markets, is lacking much volatility during the light holiday trading environment. The FTSE is trading ‘strong’ above the 11/10 spike high, so far not making any attempt to retest the 11/10 highs or the June trend-line. With a little more time, the 11/10 level at 6997 and the rising trend-line will cross paths with one another. So even with minor weakness the UK index is well supported on a dip into year end. At this time, it is likely an unforeseen event will be needed to set off a sizable shuffle in risk assets.

Looking ahead there is a resistance at 7067 formed by a pair of back-to-back days in October where the market rallied and reversed from the same level. Trade above those peaks will likely lead to a test of record highs, at the least. We have it penciled in as a zone from 7104 to 7130 (closing high in April 2015, intra-day high in October, respectively). How the market is able to handle those levels upon arrival, we’ll just have to wait and see. It might not happen until January (assuming it does) at the pace we are moving now.

It’s a slow-moving trading environment, and while there is seemingly no threat of a major bout of volatility, our experience has taught us to always expect the unexpected. This means keeping risk management as rigid as any other period of trading.

FTSE 100: Daily

FTSE 100 Technical Update: Supported in Holiday Drift

Created with Tradingview

---Written by Paul Robinson, Market Analyst

You can receive Paul’s analysis directly via email by signing up here.

You can follow Paul on Twitter at @PaulRobinonFX.

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

DISCLOSURES

News & Analysis at your fingertips.