The Hourly View for UKX
Last Updated June 28, 2021, 02:018 GMT
At the time of this writing, FTSE 100’s price is up 4.5 (0.06%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as FTSE 100 has now gone up 8 of the past 10 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on FTSE 100. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
FTSE 100 Daily Price Recap
FTSE 100 came into today up 0.37% (26.1) from the open of the day prior, marking the 2nd straight day it has gone up. Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 6th for the day in terms of price change relative to the day prior. Below is a daily price chart of FTSE 100.
FTSE 100 Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that FTSE 100’s price has gone up 10 of the previous 14 trading days.