UK FTSE 100 (.FTSE) 2019 Brexit will Rally the FTSE

UK FTSE 100 (.FTSE) 2019 Brexit will Rally the FTSE

UK FTSE 100 (.FTSE) 2019 Depends on Brexit, if democracy rules Brexit will be done and the FTSE will rally.

Overall, the bias in prices is: Sideways

The projected upper bound is: 7,323.87.

The projected lower bound is: 6,053.69.

The projected closing price is: 6,688.78.

Candlesticks

A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 4 white candles and 6 black candles for a net of 2 black candles. During the past 50 bars, there have been 27 white candles and 23 black candles for a net of 4 white candles.

Three black candles occurred in the last three days. Although these candles were not big enough to create three black crows, the steady downward pattern is bearish.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 14.7049. This is an oversold reading. However, a signal is not generated until the Oscillator crosses above 20(ERROR: Function did not return a value)

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 39.74. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 116 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is -165.This is an oversold reading. However, a signal isn’t generated until the indicator crosses above -100. The last signal was a sell 4 period(s) ago.

MACD

The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 10 period(s) ago.

Rex Takasugi – TD Profile

FTSE 100 INDEX closed down -294.250 at 6,685.990. Volume was 16% below average (neutral) and Bollinger Bands were 10% narrower than normal.

Open High Low Close Volume___
6,980.2407,145.4906,646.4506,685.99013,971,419,136

Technical Outlook
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish

Moving Averages: 10-period 50-period 200-period
Close: 7,336.67 6,946.91 5,805.38
Volatility: 65 58 75
Volume: 17,185,380,352 17,099,323,392 24,244,090,880

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary

FTSE 100 INDEX is currently 15.2% above its 200-period moving average and is in an upward trend. Volatility is Our volume indicators reflect volume flowing into and out of .FTSE at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on .FTSE and have had this outlook for the last 26 periods.

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