{"id":118005,"date":"2017-12-12T09:35:19","date_gmt":"2017-12-12T14:35:19","guid":{"rendered":"http:\/\/countingpips.com\/?p=118005"},"modified":"2018-06-01T15:48:24","modified_gmt":"2018-06-01T15:48:24","slug":"gb100-technical-analysis-brexit-may-affect-the-dynamics-of-british-stocks","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2017\/12\/gb100-technical-analysis-brexit-may-affect-the-dynamics-of-british-stocks\/","title":{"rendered":"GB100: Technical Analysis &#8211; Brexit may affect the dynamics of British stocks"},"content":{"rendered":"<div id=\"inves-1710109589\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">December 12, 2017<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n<p><strong>Brexit may affect the dynamics of British stocks<\/strong><\/p>\n<p>The European Commission confirmed the successful completion of the first phase of negotiations on Britain\u2019s exit from the European Union. Will the <a href=\"https:\/\/www.ifcmarkets.com\/en\/trading-conditions\/indices\/gb100\">quotes of the British stocks <\/a> grow?<\/p>\n<p>The results of the talks will be introduced to the European Council, which is due to approve them on December 15-16, 2017. According to the President of the European Commission Jean-Claude Juncker decisive progress has been made. Probably earlier Brexit risks could hinder the growth of the British stock index FTSE 100. Since early 2017 it has risen by only 4.2%. This is much less than the growth of the German DAX ( 14.6%), the French CAC40 ( 11%), the Spanish IBEX ( 10.3%). In fact, FTSE 100 has demonstrated the weakest increase since the beginning of this year among the major indices of the European countries. Meanwhile, the UK&#8217;s economic indicators are quite positive. The GDP growth for the Q3 of 2017 was 1.5%. Industrial production in October increased by 3.6%. Theoretically, successful Brexit may have a favorable impact on the British stock market.<\/p>\n<p style=\"text-align: center; margin-bottom: 20px; margin-top: 20px;\"><img decoding=\"async\" style=\"float: none;\" src=\"https:\/\/ifccd.net\/uploads\/image\/11-12-2017.png\" alt=\"GB100\" width=\"660px\" \/><\/p>\n<p class=\"emailSummary\">On the daily timeframe, <b>GB100: D1<\/b> is in the neutral range and is moving towards its upper boundary. It has also exceeded the 200-day moving average line. The further price increase is possible in case of the publication of positive information in Britain.<\/p>\n<ul class=\"emailSummary\">\n<li>The <b>Parabolic indicator <\/b> gives a bullish signal.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/bolinger-bands\">Bollinger bands <\/a> are narrowing, which means lower volatility. They are tilted upwards.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/rsi\">RSI indicator <\/a> is above 50. It has formed a positive divergence.<\/li>\n<li>The <a href=\"https:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/macd\">MACD indicator <\/a> gives a bullish signal.<\/li>\n<\/ul>\n<p>The bullish momentum may develop in case <b>GB100<\/b> exceeds the two last fractal highs and the upper Bollinger band at 7485. This level may serve as an entry point. The initial stop loss may be placed below the Parabolic signal, the two last fractal lows and the 200-day moving average line at 7277. After opening the pending order, we shall move the stop to the next fractal low following the Bollinger and Parabolic signals. Thus, we are changing the potential profit\/loss to the breakeven point. More risk-averse traders may switch to the 4-hour chart after the trade and place there a stop loss moving it in the direction of the trade. If the price meets the stop level at 7277 without reaching the order at 7485, we recommend cancelling the position: the market sustains internal changes that were not taken into account.<\/p><div id=\"inves-351274428\" class=\"inves-in-content inves-entity-placement\"><hr style=\"border: 1px solid #ddd;\">\r\n<div id=\"inpost_ads_header\">\r\n<p style=\"font-size:10px; float:left; color:#666;\">Free Reports:<\/p><\/div>\r\n<div id=\"inpost_ads\"> \r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/1ApBOV\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2018\/06\/graph_techs_PD.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t     <a href=\"https:\/\/goo.gl\/1ApBOV\"><b><u>Get Our Free Metatrader 4 Indicators<\/u><\/b><\/a> - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter<\/p><br><br>\r\n<br>\r\n<br>\r\n<p style=\"font-size:15px; float:left;\"><a href=\"https:\/\/goo.gl\/f3RrHX\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/investmacro.com\/wp-content\/uploads\/2019\/01\/cot_pie_80.png\" align=\"left\" width=\"80\"  height=\"55\"\/><\/a>\r\n\t    <a href=\"https:\/\/goo.gl\/f3RrHX\"><b><u>Get our Weekly Commitment of Traders Reports<\/u><\/b><\/a> - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.<\/p><br><br>\r\n<\/div>\r\n<hr style=\"border: 1px solid #ddd;\">\r\n<br><\/div>\n<h2 class=\"emailSummary\" style=\"margin-top: 15px !important;\">Summary of technical analysis<\/h2>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"top\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"top\">above 7485<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"top\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"top\">below 7277<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\" rel=\"noopener\">IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Brexit may affect the dynamics of British stocks The European Commission confirmed the successful completion of the first phase of negotiations on Britain\u2019s exit from the European Union. Will the quotes of the British stocks grow? The results of the talks will be introduced to the European Council, which is due to approve [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-118005","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118005","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=118005"}],"version-history":[{"count":3,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118005\/revisions"}],"predecessor-version":[{"id":118027,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/118005\/revisions\/118027"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=118005"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=118005"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=118005"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}