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GB 100 Index Technical Analysis - GB 100 Index Trading: 2025-01-10
GB 100 Index Technical Analysis Summary
Above 8325.35
Buy Stop
Below 8155.53
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Buy |
| Donchian Channel | Buy |
| MA(200) | Buy |
| Fractals | Buy |
| Parabolic SAR | Buy |
GB 100 Index Chart Analysis
GB 100 Index Technical Analysis
The GB100 technical analysis of the price chart on daily timeframe shows GB100, D1 is rising after returning above the 200-day moving average MA(200) which is rising itself. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 8325.35. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 8155.53. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (8155.53) without reaching the order (8325.35), we recommend cancelling the order: the market has undergone internal changes which were not taken into account
Fundamental Analysis of Indices - GB 100 Index
UK economic reports were weak in the second week of January. Will the GB100 price rebound continue?
UK economic data in the recent week were negative. UK construction sector activities expansion slowed while retail prices continued declining. The S&P Global reported earlier in the week that UK Construction PMI fell from 55.2 in November to 53.3 in December 2024, the lowest in six months. Readings above 50.0 indicate sector expansion, below indicate contraction. While commercial and civil engineering constructions continued growing, the residential construction recorded its third consecutive monthly decline, contracting at the fastest rate since June 2024. Slowing construction activity indicates slowing growth of gross domestic product(GDP) which is bearish for Pound and GBPUSD pair. A few days later UK’s British Retail Consortium (BRC) reported the decline of the index of prices of goods purchased at BRC-member retail stores accelerated in December: the BRC Shop Price Index dropped 1.0% over year after 0.6% fall in November, when a 0.4% decline was forecast. BRC accredited price drops to Black Friday discounts. Continuing decline in BRC Shop Price Index points to weakening demand for consumer goods at BRC shops which may indicate weakening of UK retail sales. Indications of weakening of UK retail sales are also bearish for Pound and GBPUSD pair price. However, the current setup is bullish for the GBPUSD pair.
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