The Hourly View for UKX
Last Updated June 17, 2021, 02:018 GMT
Currently, FTSE 100’s price is up 17.5 (0.24%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as FTSE 100 has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning above it. 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 0.17% (12.47) since the day prior, marking the 5th consecutive day an upward move has occurred. Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 3rd for the day in terms of price change relative to the day prior. Below is a 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 10 days FTSE 100’s price has gone up 8 them.