FTSE 100 Chart Analysis

Is Brexit a negative or positive event?

Will London remain an important geographic location for the global financial markets as a leading financial hub/centre despite Brexit?

London has a strategic advantage of remaining as an important financial markets and as a leading financial hub/centre where it is a gateway connecting from US to Asia and vice versa.

Base on TA (Technical Analysis)

1) Jan 2000 high is 6950 and it had since broken out or 6950 resistance. it has created and form a new high at 7122 in April 2015.

2) Huge and large Ascending triangle chart formation is observed connecting year 2000 and year 2015 high and year 2009 low (3460) and Feb 2016 low (5499) forms a huge ascending triangle.

3) it has a target of 10000 points using a price channel of year 2000 high 6950 and year 2009 low 3460 as a benchmark guideline.

T3B FTSE 100 Historical Monthly Chart with Technical Analysis - 24.11.17 

T3B FTSE 100 Historical Monthly Chart - 24.11.17

FTSE 100 Historical Monthly Chart with Technical Analysis - 24.11.17

FTSE 100 Historical Monthly Chart - 24.11.17

Disclaimer: All news, information and charts shared is purely by my research and personal views only. This is not a trading recommendation or advice but on the basis of sharing information and educating the investment community. Different traders and investors adopt different trading strategies and risk management approach hence if in doubt please approach or seek clarifications with your Financial Adviser, Broker and Banker.