After a big drop CAC 40 seems trading in a range. If this is the general idea now the price is reaching the top of this range. If the upper channel holds look for possible shorting opportunities.
Friends, Following is a composite technical analytic view of $CAC40, in which all aspects of technical tools are displayed as shown in the following chart - We will dissect each of there thereafter: Looking in detail at each of the following components, let's consider the following items: 1 - PREDICTIVE/FORECASTING MODEL: As a foreground, stand-alone...
Just for following. Potentially short. Three month MA (BLUE) starting to point downwards.
Buy @4282 SL @4150 TP at @4650 (I normally don't trade this but when I do is when I am certain)
Just before holidays in a neutral view. After/during holidays might be pushed down might go up... Personally bullish with tight SL round 4320s Happy Holidays! Gert
take your BX4 at the end of march !
After a beautiful diamond, which has triggered a bearish market for about two weeks, the French index bounced back ahead of the FOMC meeting's disclosure, where a liftoff is probably going to occur. From a historic point of view a hike in interest rates have always led to a correction. Nonetheless, the market was in a bearish movement that was close to sending it...
The CAC40 halted its fall after Last Friday's NFP report. The French benchmark flirted with 4673.98 level, before bouncing back and closing in a neutral doji. A breakout of 4740.47 will send the CAC40 back towards 4783.38. Any bearish movement, resulting from yesterday's election in France, would send the benchmark seeking 4673.98, again, which breaking out will...
The CAC40 halted its fall after Last Friday's NFP report. The French benchmark flirted with 4673.98 level, before bouncing back and closing in a neutral doji. A breakout of 4740.47 will send the CAC40 back towards 4783.38. Any bearish movement, resulting from yesterday's election in France, would send the benchmark seeking 4673.98, again, which breaking out will...
The Cac40 closed in the green, ahead of the ECB's meeting. The French index succeeded in closing above 4936.87, which is a good omen for the bulls, as breaking out 4936.87 will open the way to 5048.56, with 5004,8 as a primary objective. The trend remains bullish as long as the benchmark has its EMA20 as a support, which breaking out will send it seeking...
The CAC40 is extending its losses, as it has closed in the red for the third consecutive session. The CAC40 is leaning back on its EMA20, which forms a major support zone, alongside its 4850.17 support level. It will find strong support around that area, as volatility is decreasing, and the trend is still bullish, with 4850.17 as a support level. An opening...
The CAC40 closed another session in the red as a part of a strong correction that has sent it back to 4850.17. The current trend is bearish and the benchmark is hovering on its EMA20, where it will find some support. As a matter of fact it is entering a major support zone, which consists of the 4850.17 support level, the bullish gap highlighted on the chart, and...
The CAC40 is showing signs of weakness, that may be vanquished after the better than expected unemployment report, which was published yesterday. The benchmark will have 4972.7 as an objective, should it breakout 4924.24, especially if the benchmark opens with a bullish gap today. The benchmark will head to 4850.17, should it breakout 4881.05. The daily Pivot...
The CAC40 is moving forth after a long period of consolidation, breaking out 4783.38, which will send it towards 4936.87, with 4850.17 as a primary objective. The benchmark will have 4783.38 as a support level. Any draw downs will send it to 4753.89, with 4783.38 as a primary objective. The daily Pivot Point is around 4763.09. The daily support levels are around...