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

The Hourly View for UKX

Last Updated April 2, 2021, 23:18 GMT

At the time of this writing, FTSE 100’s price is up 25.98 (0.38%) from the hour prior. FTSE 100 has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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

The back and forth price flow continues for FTSE 100, which started today off at 6737.3 US dollars, 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. Below is a daily price chart of FTSE 100.


FTSE 100 Technical Analysis

Notably, 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. Or to view things another way, note that out of the past 10 days FTSE 100’s price has gone up 5 them.