Signal_Centre
Long

FTSE - Buying dips to trend support

FX:UK100   FTSE 100 Index
Trade Idea

The medium term bias remains bullish .
Bespoke support is located at 7470.
We look for a re-test of the upward trending support.
There is scope for mild selling at the open but losses should be limited.
Preferred trade is to buy on dips.

We look to Buy at 7470
Stop: 7440
Target 1: 7560
Target 2: 7650

Trade ideas & daily market report July 9th 2019

Market highlights

Reduced expectations of aggressive Fed easing continued to support the US currency during Monday, although ranges were narrow.

Equity markets lost ground as expectations of aggressive Fed rate cuts declined further.

Demand for the yen and Swiss franc weakened slightly as US bond yields edged higher with the Euro also unable to make headway.

Gold prices also declined as bond yields increased and the dollar maintained a firm tone.

Oil prices gained some support from Iran tensions, but failed to hold gains.

Commodity currencies were unable to make headway amid a solid US currency tone with Sterling also losing ground.

Bitcoin pushed above $12,000 which helped trigger further buying.
FREE Telegram Group - https://t.me/signalcentre
FREE Trade Ideas - https://bit.ly/2kcVwdt
FREE Education and Insights - https://signalcentre.com/insight/
Video Content - https://www.youtube.com/c/SignalCentre
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Help Center Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing TradingView Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out