FTSE 100 (UKX) Moves Up For the 3rd Straight Day

The Hourly View for UKX

Last Updated April 8, 2021, 03:018 GMT

Currently, FTSE 100’s price is up 5 (0.07%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved 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 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 0.91% (61.77) since the day prior, marking the 3rd straight day an increase has occurred. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 2nd since the day prior in terms of percentage price change. Here is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days.