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
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
Oil - US Crude
More View more

DailyFX PLUS Content Now Available Freely to all DailyFX Users

Real Time News
  • Greed has proven to be a hindrance more than assistance for traders. How does greed lead to #FOMOintrading? Find out from @RichardSnowFX here: https://t.co/aT8TZjlFqP https://t.co/Le8Qx6OOwV
  • $GBPUSD at the moment break-even straddles = 152pips meaning that for option traders to realize gains, the spot price must see a move greater than 152pips. Get your market update from @JMcQueenFX here: https://t.co/odj2lLRrGf https://t.co/RXCBwHGluG
  • $EURGBP has fallen over 6% since August and is now rapidly approaching a critical support level not reached since May. Will a break below accelerate the aggressive selloff? Find out from @ZabelinDimitri here: https://t.co/CBM8Fg7vM0 https://t.co/0yDnEpzQqR
  • The #Euro is struggling for direction against the US Dollar but the near-term downtrend guiding it lower since late June remains firmly intact. Where is $EURUSD heading? Get your technical analysis from @IlyaSpivak here: https://t.co/us6AINmuoe https://t.co/J4hQtyprYf
  • $DXY & $SPX500 hold steady after #FED rate cut. Get your update from @JohnKicklighter here: https://t.co/vqXlKCMDYA
  • Dow Jones & Dax 30 levels to watch ahead of the fed from @PeterHanksFX here: https://t.co/iUIrsygKz2
  • The politics of the US and UK may be starkly divided but their grip on the vast, $6.6 trillion global foreign exchange trade seems as tight as ever. Get your market update from @DavidCottleFX here:https://t.co/xTKHOvrIqg https://t.co/vtHhdnF82Q
  • How can confidence in trading help with avoiding #FOMOintrading? Find out from @WVenketas here: https://t.co/MY7j9ISn4S https://t.co/n7XwfiDZz2
  • The week saw a slightly more dovish than expected RBA minutes increase the importance of the latest labour market report, which showed an uptick in the unemployment rate to 5.3%. Where is $AUDUSD heading? Find out from @JMcQueenFX here: https://t.co/odj2lLRrGf https://t.co/gmGjlGBvjv
  • #OOTT https://t.co/TLgP7dUqFv
FTSE 100 Outlook – 200-day in Play but May Not Matter

FTSE 100 Outlook – 200-day in Play but May Not Matter

2019-05-13 09:30:00
Paul Robinson, Currency Strategist

FTSE 100 Technical Highlights:

  • FTSE 100 trading around the 200-day MA
  • Long-term moving average may have limited impact
  • Levels to keep an eye on in the coming sessions

For the Q2 FTSE & GBP forecasts, check out the DailyFX Trading Guides page.

FTSE 100 trading around the 200-day MA

In the last FTSE 100 outlook, the focus was on confluent support via the trend-line from December and March high; a threshold which was easily undercut. This shifted attention towards the 200-day MA, which is now under siege with further escalation in the U.S./China trade war keeping global markets on their heels.

The 200-day MA may not turn out to be a big point of support, but with a swing-low from late-March at 7146 not far below we may see some type of near-term buying activity keep the index afloat. Below the late-March low next up is the 7078/41-area, followed by 7000/6968.

Keep an eye on how other global markets are playing out with the trade war as the dominating theme. The DAX is working towards support around 11800, while the S&P 500 is vulnerable as the rising wedge it recently broke down from projects lower levels ahead.

From a tactical standpoint, very short-term minded traders (intra-day) may want to continue to focus on the short-side with in mind the notion that a bounce could develop at any time. It looks a little late in this particular move to put on a good risk/reward swing-short, but at the same time longs don’t hold any appeal without proper price action yet suggesting the decline could be drawing towards an end.

Should we see a bounce soon, given the sharp break in recent sessions, how it unfolds will be of great interest to watch as a continuation pattern of substance could form and give a good look for new short positions.

Check out this guide for 4 ideas on how to Build Confidence in Trading.

FTSE 100 Daily Chart (trading around 200-day MA)

FTSE 100 Outlook – 200-day in Play but May Not Matter

You can join me every Wednesday at 9 GMT for live analysis on equity indices and commodities, and for the remaining roster of live events, check out the webinar calendar.

Tools for Forex & CFD Traders

Whether you are a beginning or experienced trader, DailyFX has several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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


News & Analysis at your fingertips.