The Hourly View for UKX
Last Updated January 12, 2021, 02:018 GMT
Currently, FTSE 100’s price is down -7 (-0.1%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Of note is that the 50 hour changed directions on UKX; it is now pointing down. 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 1.09% (74.78) since the day prior, marking a reversal from the day prior — and the end of a 5 day positive run. Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 13th 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. For additional context, note that price has gone up 19 out of the past 30 days.