Wednesday, January 21, 2015

Annual Trading Forecast on FTSE 100 (2015)

FTSE 100 stock (FTSE:UKX) is currently an upbeat market and this may be the beginning of a long-term bullish outlook. The last year was characterized by large pullbacks, followed by large upswings.

In the chart, 4 EMAs are used and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown on the top left part of the chart. Now, we want to lay emphasis on what is happening right now in the market.

It can be seen that there has been a Golden Cross here (which occurred as the price crosses the EMA 200 to the upside). This Golden Cross sums up the outlook for this year: bullish. Movements in the market give an opportunity to stake and make gains. This helps when things are put in proper perspective.

This forecast is ended by the quote below:

“At some important key points, other traders have helped me a lot to develop a proper understanding.” – Jens Rabe

Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Learn from the Generals of the Markets: Market Generals

No comments:

Post a Comment