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.



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
Oil - US Crude
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
  • The market’s preferred ‘fear indicator’ shows a persistent uncertainty around the near future. What can our current conditions and history tell us what to expect from the #VIX through the final two months of the year?
  • #Stock market performance is considered an important predictor of the economic outlook. What else can it be used to project? #Elections2020
  • What are some monetary policies that could affect Gold this quarter? Get your Gold free forecast here:
  • A #Euro reversal off technical downtrend resistance now risks a larger correction in price. Here are the levels that matter on the $EURUSD weekly chart. Get your #currencies update from @MBForex here:
  • We are days away from the US Presidential election and the markets are caught in the vortex. A contested outcome would raise serious volatility for the markets whereas a decisive outcome seems to support bullish $SPX and Dollar views from the market rank.
  • The future implications of the #Elections2020 may influence $AUDUSD following the #RBA and #Fed rate decisions as Congress struggles to pass another round of fiscal stimulus. Get your #currencies update from @DavidJSong here:
  • Gold prices declined in the aftermath of bearish technical cues, but a key zone of support was reinforced. $XAUUSD volatility risk is elevated ahead of the #Elections2020. Get your #metals update from @ddubrovskyFX here:
  • USD awakens, placing GBP/USD on the backfoot, while EUR/GBP cracks 0.90. Get your #currencies update from @JMcQueenFX here:
  • What are some factors impacting Euro’s forecast this quarter? Get your free forecast here:
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:
FTSE 100 Remains Technically Sound

FTSE 100 Remains Technically Sound

2017-03-20 08:53:00
Paul Robinson, Strategist

What’s inside:

  • FTSE 100 intermediate-term channel keeps it headed in ‘right’ direction
  • Top-side levels could soon keep the advance in check
  • Key Support and resistance levels outlined

Looking for trading ideas? See our Trading Guides.

The FTSE 100 continues to push its way higher, marked by higher highs and higher lows since the January pullback. It hasn’t been a rip-roaring rally, rather orderly and thus far provided no reasoning for taking the other side of it.

In the intermediate-term, the channel since early Feb will continue to act as our guide for the foreseeable future. As long as the market stays above the lower parallel we’ll stay in the bull-camp. But even if the footsie were to drop below the lower parallel, support will quickly arrive at trend-line(s) off the late June (‘Brexit’) low.

The FTSE is trading above the 2013 top-side trend-line (passes over the 2015 high, Jan high, through the recent swing high); we’ll look to it as potential support, but given the long-term nature of it we will give it some leeway in using it as a key short-term level.

Another top-side line to watch extends off the Jan peak; we’ll keep an eye on this one and how the market wants to treat it as well.

Looking a little higher, there is confluence between the top of the intermediate-term channel and another top-side trend-line running higher off the October 2015 high. This might be a spot to look for the current advance to stall and turn lower. The last line of resistance arrives beyond the confluence at a trend-line extending upward off the high created back in August.

For now, there is good technical structure still to the upside, but the market has some levels to peel through if it is to get itself into the ‘all-clear’. As mentioned in the weekly forecast, keep an eye on the DAX – it has a technical formation which is close to triggering, and the move could be big. It’s unlikely the DAX makes a sizable move and it won’t be felt elsewhere.

FTSE 100: Daily

FTSE 100 Remains Technically Sound

Created with TradingView

See the Webinar Calendar for a schedule of upcoming live events with DailyFX analysts.

---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.