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CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 58% of retail investor lose money when trading CFDs and/or forex spot with Saxo Bank (Switzerland) Ltd.. 17.7% of retail clients trading in leveraged products are stopped out due to insufficient margin requirements and 0.34% of retail clients trading in leveraged products with Saxo Bank (Switzerland) Ltd. experience a negative account balance after a stop out occurred.
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CFDs and forex spot transactions are complex instruments and come with a high risk of losing money rapidly due to leverage. 58% of retail investor lose money when trading CFDs and/or forex spot with Saxo Bank (Switzerland) Ltd.. 17.7% of retail clients trading in leveraged products are stopped out due to insufficient margin requirements and 0.34% of retail clients trading in leveraged products with Saxo Bank (Switzerland) Ltd. experience a negative account balance after a stop out occurred. You should consider whether you understand how CFDs, forex spot transactions or any of our other products work and whether you can afford to take high risk of losing your money.
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21ukM

Technical Update - FTSE-100 bounces strongly. FTSE-250 lagging. Over head resistance close by

Equities 2 minutes to read
KCL
Kim Cramer Larsson

Technical Analyst, Saxo Bank

FTSE-100 bounced from the 0.764 Fibonacci retracement of the June-August uptrend at around 7,135. The bounce is getting close to test the 0.764 of the August to September sell-off at around 7,474.
If FTSE gets rejected at that level bear trend resumes. That scenario is likely to play out if RSI gets rejected at the 60 threshold.
However, for FTSE to reverse the current down trend a close above 7,579 is needed. A close above 7,579 next resistance is at 7,670 but a move to 7,750-7,800 is not unlikely.
If FTSE gets rejected at either 7,474 or 7,579 selling pressure will likely return.
A close below 7,131 is likely to push the Index below 7K.

FTSE100 d 12sep
Source: Saxo Group


FTSE-250 bounced from 18,500 and currently trading around the 0.50 retracement at 19,500. Further upside to the 0.618 retracement at around 19,713 could be seen but if RSI is rejected at the 60 threshold it will l be an exhaustive move quite likely followed by bear trend to resume.
If the FTSE-250 drops back below 19,000 selling pressure is likely to intensify and push the Index to test the July lows around 18,288.

FTSE250 d 12sep
Source: Saxo Group

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