Annual Forecast for FTSE 100 (UKX) – 2020

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FTSE 100 (FTSE:UKX) is not currently that attractive, as price is neither bullish nor bearish in the long-term. In the short-term, the bias is bearish but bulls are trying hard to reverse this.

4 EMAs are used for this analysis and they are EMAs 10, 20, 50 and 200. The color that stands for each EMA is shown at the top left part of the chart. The EMAs are not pointing upwards or downwards and price is currently slashing through the EMA 200, to the downside.

This shows that the market us neutral and undecided. It is better to stay away from this kind of market until there is a directional movement. However, the possibility of price going upwards is higher than the possibility of it going downwards.

An attempt by price to go below the EMA 200 is in place and this is expected to be foiled by bulls; otherwise the long-term outlook will turn bearish. For the long-term outlook to turn bullish, price needs to move above the EMA 10, and that is what would eventually happen.

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