FTSE 100 (UKX) Down 0.88%; Crosses 20 Day Moving Average

The Hourly View for UKX

Last Updated June 29, 2021, 02:018 GMT

At the time of this writing, FTSE 100’s price is down -7.5 (-0.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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 downtrend on the 20 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 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

7072.97 was the closing price of the day for FTSE 100, resulting in today being one in which price moved down 0.88% ($63.1) from the day prior. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 12th since the day prior in terms of percentage price change. Below is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

Notably, FTSE 100 crossed below its 20 day moving average yesterday. 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. For additional context, note that price has gone up 18 out of the past 30 days.