FTSE 100 (UKX) Makes Big Move Relative to Two Week Trend, Down 1.9%; in an Uptrend Over Past 90 Days

The Hourly View for UKX

Last Updated June 21, 2021, 01:010 GMT

At the moment, UKX’s price is up 4 (0.06%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. 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 closed the previous day down 1.9% (135.96); this denotes the 2nd straight day a decrease has occurred. Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 13th for the day in terms of price change relative to the previous day. Here is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

First things first: FTSE 100 crossed below its 20 and 50 day moving averages yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days.