The FTSE 100 has been one of the outstanding performers in Europe on Monday aided by better than expected earnings from HSBC and strong construction data from China.
While the index is performing well on the day, it has been in consolidation mode for some time now and there are potential warnings signs that it may have hit a near-term top. Senior Market Analyst Craig Erlam discusses all of these points and gives his analysis of the charts.
This article is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Corporation or any of its affiliates, subsidiaries, officers or directors. Leveraged trading is high risk and not suitable for all. You could lose all of your deposited funds.