The CAC40 closed in a neutral long-legged doji. It is still unable to close below 4673.96. Although, it breached it many times, but buying pressures were keeping it above that level. The benchmark still needs to breakout 4718.88 to go back to 4744.97, which breaching will send it up to 4783.38. Only a breakout of 4642.94 will send it south towards 4580.84, with...
The CAC40 closed yesterday in the red. The pattern suggest the bearish market to continue with 4619.88 as an objective, and 4637.19 as a primary objective. Only a breakout of the 4718.88 level, will send the benchmark back to 4744.97, which breaking out will send it to 4783.38. The daily Pivot Point 4678.58. The daily support levels are around 4645.21 and...
The Cac40 closed last Friday in a neutral doji pattern, after it had opened in a bullish gap. The pattern indicates an indecisiveness, as it couldn't close the bullish gap, neither it was able to breakout the 4718.91 resistance level. Today, the benchmark will head to 4783.3, with 4745.14 as a primary objective, should it breakout 4718.91. A bearish gap at the...
The Cac40 is closing another session with lower lows. The benchmark closed in a doji around its EMA20. It will head south to 4514.67, should it breakout 4580.84, with 4546.75 as a primary objective. The benchmark will rally to 4701.32, should it breakout 4660.43., with 4686 as a primary objective. The daily Pivot Point is around 4616.85. The daily support...
The Cac40 closed in the red for the third consecutive time. Breaking out 4598.11 will send it to 4546.75, with 4587.59 as a primary objective. Breaking out 4667.51 will send it towards 4724.72, with 4707.21 as a primary objective. The daily Pivot Point 4636.33. The daily support levels are around 4605.15 and 4566.93. The daily resistance levels are around...
The CAC40 closed last Friday in a morning star pattern. Today's opening will be crucial, as a bearish gap will send the benchmark south, back to 4654.69, with 4673.69 as a primary objective. Closing in a bearish candle today, will render the morning star valid. It will have at least 4587.59 at least as an objective on the middle run. Breaking out 4733.47, will...
Although, the CAC40 closed yesterday in the green, it still in need of a bullish gap at the opening tomorrow to fully reject the shooting star pattern, which was supposed to be validated yesterday by a bearish candle. A bullish gap will send the benchmark up towards with 4731.65 as a primary objective. A bearish gap, will bring back the shooting star pattern,...
With the Euro continuing to weaken to start October (versus the other seven major currencies covered by DailyFX Research, the Euro has fallen by an average of -0.67%), improving French economic conditions, and evidence that the Fed will keep rates lower for longer (with perhaps the European Central Bank getting ready to ease next), the path has been cleared for an...
The CAC40 rallied yesterday, after a very bullish gap at the opening. The trend is currently bullish, falling back to a bearish market is only possible if the benchmark breaches its EMA20 and closes yesterday's bullish gap. The daily objective is 4654, which breaching will send it to 4673.96. An eventual correction will send it back to 4518 with 4568.19 as a...
The CAC40 closed in the red, closing yesterday's bullish gap at the opening. The benchmark still has Wednesday's bullish gap to close. It will provide the benchmark with some support. Cutting through 4387.72 will send the benchmark back to 4332.99, with 4367.95 as a primary objective. Breaching 4474.27 will suggest a bullish trend with 4564.27 as an objective,...
The Cac40 opened with a very bullish trend, which has sent it back a few step away from 4501.44. If the Cac40 breaches 4472.84, the trend will be bullish with 4517.33 as an objective, and 4501 as a primary objective. The benchmark will go back to a bearish market with 4352.06 as an objective, and 4387.72 as a primary objective. The daily Pivot Point is around...
The CAC40 closed yesterday in the green, after closing a very bearish gap at the opening. Volatility is increasing, as the bollinger bands are spreading up. The benchmark will continue its bearish market should it cut through 4325.56, with 4240.82 as an objective, and 4260.56 as a primary objective. The benchmark will head towards 4465, with 4425 as a primary...
Good morning all, Waiting for one more swing low in stocks, all major indices, down to their corresponding supports. I use CAC as a reference, but other indices should move in sync. CAC40 should land in the range of 4050-4100 and then will be rejected by a major support formed since Sept 2011. Also in the area of intersection with the trendline lies the 0.618...
At the present situation, there are a lot of macro economic unknown situation such as the Greek Debt, and therefore it is very difficult to foresee how the market will react. We are in a correction process, but this correction process can go either way. Until 4762, we may consider the situation as a correction. bellow, it may be very much a reversal. At the...
Looking at the Monthly chart of the CAC40 you can clearly see its heading into a Wall of Resistance. Fibonacci cluster, LT T-Line Resistance, Wedge Resistance and Price resistance. This is the real test for the CAC40 bulls. Clearly the bulls have the QE wind in their sails but it is PARAMOUNT that they confidently clear the Brick Wall. Tentative Elliott Wave Count...
CAC 40 has seen some profit taking over the past couple of weeks and has formed an inverse H & S continuation pattern that is awaiting validation. A successful break and consecutive 2hr closes above 5104 could see the CAC head towards its measured target of 5277. Failure to validate the pattern and break below 5k is a bearish development that should see continued...
CAC 40 or FRA40 as you wish is in a correction process on the dowside. This correction may go until 4967 before ECB put on the table the second part of its QE i.e 60 bio€. On a 4H or 1D there isn't yet any sign of reversal trend. which means that this is just a correction for the time being. The correction will be confirmed on a 2H and 4H . And if on a 1D there...
There is a bright future for the French index. Baring in mind that ECB will inject fresh money in the market, the Index is well oriented and the trend is clear. If the Greek Debt problem is solved by this week-end which will be solved, then, you can easily get long in the market. No correction yet forseen.