The Hourly View for UKX
Last Updated November 23, 2020, 02:018 GMT
At the time of this writing, UKX’s price is down -4 (-0.06%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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
The choppiness in the recent daily price action of FTSE 100 continues; to start today, it came in at a price of 6351.45 US dollars, up 0.27% (17.1) since the day prior. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 7th since the day prior 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. Or to view things another way, note that out of the past 30 days FTSE 100’s price has gone up 15 them.