FTSE 100 (UKX) Heads Up For the 4th Straight Day

The Hourly View for UKX

Last Updated April 9, 2021, 03:018 GMT

At the moment, FTSE 100’s price is down -6.99 (-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 50 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

FTSE 100 Daily Price Recap

FTSE 100 is up 0.83% (56.9) since yesterday, marking the 4th straight day it has gone up. Relative to other instruments in the equity indices asset class, FTSE 100 ranked 5th since yesterday in terms of percentage price change. Below is a daily price chart of FTSE 100.

UKX

FTSE 100 Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For another vantage point, consider that FTSE 100’s price has gone up 7 of the previous 10 trading days.