FTSE 100 (UKX) Down 0.13%; in an Uptrend Over Past 90 Days

The Hourly View for UKX

Last Updated January 14, 2021, 03:018 GMT

At the moment, FTSE 100’s price is down -12.5 (-0.19%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. 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 is down 0.13% (8.59) since yesterday, marking the 3rd day in a row it has gone down. Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 11th for the day in terms of price change relative to yesterday. Below is a daily price chart of FTSE 100.

UKX

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. For another vantage point, consider that FTSE 100’s price has gone up 18 of the previous 30 trading days.