FTSE 100 (UKX) Up 0.35%; Crosses 20 Day Moving Average

The Hourly View for UKX

Last Updated April 5, 2021, 03:018 GMT

At the moment, FTSE 100’s price is up 25.98 (0.38%) 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. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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

6737.3 was the closing price of the day for FTSE 100, resulting in today being one in which price moved up 0.35% ($23.67) from the day prior. 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. Let’s take a look at the daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

First things first: FTSE 100 crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 5 out of the past 10 days.