Very clear channel which also encompasses ranges.
The resistance offered by the falling trend line drawn from Sept 2000 high and June 2007 high was breached last month. This month's candle shows a sharp rebound from the sub-trend line support level followed by a rise to 5295.5 (highest level since Jan 2008 high). The chart also shows a nice rebound from the rising trend line in mid 2016. Overall, the technical...
Even before yesterday's results, the French CAC40 provided a bullish long term signal when it broke above a monthly downtrend line. The CAC40 is testing the X point of a bearish Bat pattern (similar to what we see in German DAX) and if it'll break and close above it, it can continue all the way up to 6000 to test a bigger PRZ.
CAC 40 went to its highest high since almost 2 years. Could that be potentially the top???
EURUSD is trading inside a yearly trading range. There's a daily uptrend line that EURUSD is currently still above.. and from above it has a daily downtrend line and the middle of the range - 1.1 (Resistance Zone). In case of a bullish move, focus on 1.1. A breakout above this price zone could send EURUSD towards 1.14-1.115 again to re-test the top of the...
So "they" want everyone to turn bullish (whether artificially or not) or be stopped out. The weak buyers are being washed away, shorts must be covered or the shorters will burn their feet if that's not already the case. Retail investors are still very bearish overall, but what is observed in Europe and in the official financial news show that money is flocking to...
By closing at 5069.04, the CAC reached its long term down trend and is now at a pivotal point. Using weekly prices, the recent uptrend looks still solid with no sign of regression with any relevant indicators. However, using daily prices, 2 keys indicators, momentum and RSI show a regression synonym of short term weakness which could prevent the index to go...
After seeing a sustained down-trend, the indicator line has left the sell zone on February 1st, 2017. We are now waiting for either a new sell signal or a turn-around, toward the upside. Confirmation will be upon entry into either the sell zone or the buy zone.
Same pattern appeared on november 2015, resulting a 1100 points drop
FRA40 enjoy the sell off: Bearish Gartley Pattern combined with AB=CD
Following the impulsion at the beginning of december, the index is now consolidating its recent uptrend. Since beginning of December, after exiting a 4 month old canal, the impulsion led the index to multiple new highs. However, if the price kept going higher, the current uptrend is weakened by a divergence since mid december and visible on three main indicators...
Hello My friends! French index CAC Just Little fundamental analis:) Oland dont meet with Putin. France dont make money on Mistral deal and Poland asked Ollande "not hysteria" because of the failure to buy helicopters from France. Just disappointment. But in technical analysis need go up until lvel 78.6 and after fall I think market will start fall in...
If prices start to drop from 4780 level, a (perfect) bearish Gartley harmonic pattern can be validated. A long term resistance would be validated too, and a medium term resistance (the fork). First, prices could drop to the 4600 horizontal support, then rebound, and retest the resistance, before falling sharply to a long term support (2010-2016). Ultimate target...
DAX, CAC40, FTSE100 im M15 und D1 Chart. Was meint ihr, wie geht es weiter?
Fríday, monday could go higher. Throw over should happen to 19200-300 zone, and then a dramatic fall back would be an idealic sign for short. Dow must not exceeds 19500! for the bearish outlook!!! Target is on the chart, but we could have much more courageous target also!
Big short potencial in France. Political trouble will deepening hand in hand. More potencial there is in weekly and monthly timeframe.
Equities across the board coming off today... with S&P dipping below 2100. Anticipating a break below 4420, which would put it in buy territory.