FTSE 100 (UKX) Moves Up For the 2nd Day In A Row

The Hourly View for UKX

Last Updated June 14, 2021, 02:018 GMT

At the time of this writing, FTSE 100’s price is up 9.5 (0.13%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as FTSE 100 has now gone up 5 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on FTSE 100. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 came into today up 0.65% (45.88) from the open of yesterday, marking the 2nd day in a row an upward move has occurred. Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 6th for the day in terms of price change relative to yesterday. Let’s take a look at the daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 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.