FTSE 100 (UKX) Down 0.2%; in an Uptrend Over Past 90 Days

The Hourly View for UKX

Last Updated June 10, 2021, 08:018 GMT

At the time of this writing, FTSE 100’s price is up 8 (0.11%) from the hour prior. The hourly chart shows that FTSE 100 has seen 2 straight up hours. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. Of note is that the 20 hour changed directions on UKX; it is now pointing up. 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

The end of a 3 day positive run has come for FTSE 100, which finished the previous day down 0.2% (14.08). Out of the 14 instruments in the equity indices asset class, FTSE 100 ended up ranking 8th for the day in terms of price change relative to the previous day. The daily price chart of FTSE 100 below illustrates.

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 additional context, note that price has gone up 8 out of the past 14 days.