The Hourly View for UKX
Last Updated June 3, 2021, 03:018 GMT
At the time of this writing, FTSE 100’s price is down -5.5 (-0.08%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. 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 is up 0.39% (27.54) since the previous day, marking the 3rd straight day an upward move has occurred. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 5th 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
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to view things another way, note that out of the past 10 days FTSE 100’s price has gone up 5 them.