FTSE 100 (UKX) Up 0.61%; in an Uptrend Over Past 30 Days

The Hourly View for UKX

Last Updated January 6, 2021, 02:018 GMT

Currently, FTSE 100’s price is down -18.5 (-0.28%) from the hour prior. The hourly chart shows that FTSE 100 has seen 2 straight down hours. 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 came into today up 0.61% (40.37) from the open of the day prior, marking the 2nd consecutive day an upward move has occurred. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 6th since the day prior in terms of percentage price change. Let’s take a look at the daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For another vantage point, consider that FTSE 100’s price has gone up 6 of the previous 10 trading days.