FTSE 100 (UKX) Makes Big Move Relative to Two Week Trend, Heads Down For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
This is a reversal of the price action on the previous hour, in which price moved up.
FTSE 100
(Last Updated April 15, 2021)
Hello! This is the news page for FTSE 100. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
On UKX, there is currently an uptrend on the 90, 30 and 14 day timeframes.
UKX Moving Averages
UKX’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
The View From the Weekly Timeframe
Currently, UKX’s price is up 23.83 (0.34%) from the week prior. Moreover, note that this is the 2nd straight week UKX has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. UKX’s weekly price action over the past 52 weeks can be seen via the chart below.
FTSE 100 (UKX) Makes Big Move Relative to Two Week Trend, Down 2.47%; Breaks Below 20 Day Average
This move is a reversal from the hour prior, which saw price move down.
FTSE 100 (UKX) Down 0.08%; Pin Bar Pattern Appearing on Chart
Out of the 14 instruments in the equity indices asset class, ftse 100 ended up ranking 8th for the day in terms of price change relative to the day prior.
FTSE 100 (UKX) Makes Big Move Relative to Two Week Trend, Crosses 20 Day Moving Average; in an Uptrend Over Past 30 Days
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
FTSE 100 (UKX) Up 0.12%; Pin Bar Pattern Appearing on Chart
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
FTSE 100 (UKX) Outperforms All equity indices, Up 0.12%; in an Uptrend Over Past 30 Days
Of note is that the 50 hour changed directions on ukx; it is now pointing up.
FTSE 100 (UKX) Down 0.03%, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
FTSE 100 (UKX) Up 0.27%; in an Uptrend Over Past 30 Days
This move is a reversal from the hour prior, which saw price move up.
FTSE 100 (UKX) Down 0.26%; in an Uptrend Over Past 30 Days
Out of the 14 instruments in the equity indices asset class, ftse 100 ended up ranking 11th for the day in terms of price change relative to the previous day.
FTSE 100 (UKX) Up 0.35%; in an Uptrend Over Past 30 Days
Price action traders may also wish to note that we see a doji candlestick pattern on ftse 100.