Ichimoku Analysis (Daily chart)
Tenken-Sen- 7002
Kijun-Sen-6995
FTSE100 is consolidating in a narrow range between 6896 and 7081 for the past five days. The European markets are trading near an all-time high after Fed keeps policy accommodative despite a surge in inflation. The FTSE100 jumped more than 13% in the past 3 months due to vaccine rollout and upbeat economic data. The UK government said that people should avoid travel to eight areas with a high number of Indian variants of Corona. FTSE100 should break above channel resistance 7265 for further bullishness. The FTSE100 hits an intraday high of 7040 and currently trading around 7024.20.
The near-term resistance to be watched is 7120 any break above will take the index till 7170/7220. Significant bullish trend continuation only if it crosses 7200. On the lower side, near-term support is around 7020, and any violation below targets 6985/6941/6900/6820.
Indicator (Daily chart)
CAM indicator – Neutral
Directional movement index – Neutral
It is good to sell on rallies 7170-75 with SL around 7240 for the TP of 6820.


FxWirePro-Major European Indices
FxWirePro: GBP/NZD bulls loosen their grip a bit, dips to be bought
FxWirePro: EUR/AUD slips following RBA minutes , plunge to test a key fibo grows
FxWirePro: NZD/USD maintains bullish bias with focus on 0.5900
FxWirePro: AUD/USD firms on hawkish RBA meeting minutes
0.7870 Break Looms – Next Stop 0.7800 for USDCHF?
AUDJPY: Buy-the-Dip Strategy Intact Above 103.80 Despite Profit-Taking Pullback
FxWirePro: GBP/AUD loses momentum but bullish setup remains
FxWirePro: USD/CAD slips as oil rally boosts loonie
FxWirePro: EUR/NZD downside pressure builds, key support level in focus
ETHUSD Dip: Prime Buy Zone to $3600 Targets
NZDJPY: Bearish Signals Sell-on-Rally Opportunity Below 92
FxWirePro- Major Crypto levels and bias summary
FxWirePro- Woodies Pivot(Major)
FxWirePro: EUR/AUD uptrend loses steam, remains on bullish path
FxWirePro- Major Pair levels and bias summary 



