FTSE 100

(Last Updated September 21, 2020)

Hello! This is the news page for FTSE 100. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:

The Trend

A trend/countertrend situation exists on UKX, in which an uptrend exists on shorter timeframes but a downtrend appears on the 30 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.

UKX Moving Averages

UKX’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 100) — are bearish, suggesting the trend is generally downward, save for a rally that occurred about 3 months ago.

The chart below illustrates.

The View From the Weekly Timeframe

At the time of this writing, UKX’s price is down $-25.04 (-0.42%) from the week prior. It’s been a feast for bears operating on the weekly timeframe, as UKX has now gone down 4 of the past 5 weeks. 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 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly timeframe suggest a bullishness in price, as the 20 and 50 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The weekly chart below shows UKX’s price action over the past year.