The Hourly View for UKX
Last Updated June 10, 2021, 18:18 GMT
At the moment, FTSE 100’s price is up 2 (0.03%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as FTSE 100 has now gone up 4 of the past 5 hours. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Of note is that the 50 hour changed directions on UKX; it is now pointing up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
FTSE 100 Daily Price Recap
FTSE 100’s 3 day positive streak has officially concluded, as the candle from the previous day closed down 0.2% (14.08). Relative to other instruments in the equity indices asset class, FTSE 100 ranked 8th since the previous day in terms of percentage price change. Let’s take a look at the daily price chart of FTSE 100.
FTSE 100 Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that FTSE 100’s price has gone up 16 of the previous 30 trading days.