FRA40 - Intraday - We look to Sell at 6500 (stop at 6585) Previous support located at 6350. Previous resistance located at 6450. There is no clear indication that the downward move is coming to an end. Risk/Reward would be poor to call a sell from current levels. A move through 6350 will confirm the bearish momentum. Our profit targets will be 6320 and...
This market is witnessing an unusual movement and the possibility of a decline is very high My advice is to sell
FR40 just broke Rising Wedge pattern and is now showing bearish trend
Faced with challenges such as increasing material and energy costs, industrial companies in Europe continue to struggle with restricted revenues and operational challenges. Market sentiment shifted to a more negative setting amid fears over surging inflation and slowing economic growth.
Emmanuel Macron was reelected for the second term on April 24th. The program he presented in mid-March argued that the retirement age would be raised to 65 and that the minimum solidarity income would be increased according to working hours. In the coming weeks, the stability program will need to be sent to Brussels, and the budget trajectory for the next few...
FR40 Index/CAC is a benchmark French stock market index. It tracks the performance of 40 companies selected among the top 100 market capitalization and the most active listed equities traded on the NYSE Euronext Paris. French President-elect Emmanuel Macron has done something no other French president has achieved before. Namely winning re-election while still...
France: Growth Slows as Repercussions of Russia-Ukraine Conflict Darken Inflation and Fiscal Outlooks Rising spending in dealing with economic and geopolitical repercussions of Russia’s further incursion in the Ukraine additionally weigh on France’s already weakened fiscal outlook as recovery slows, exacerbating long-run credit challenges. Our baseline economic...
Hello there traders! As always we provide you with analysis on tradingview. Currently we are looking at the FRA40 where we had a nice impuls and corrective move. Structure tested supply zone and created a reversed H&S. Bullish pressure pushes the market up and after the retest of the right shoulder we should see FRA40 take its flight to the moon. We also have...
France 40 - Short Order Entry: €5,659.6 TP & RR: €5,569.7 (1.7) Stop Loss: €5,710.8 REASONS FOR THE TRADE Typically this isn't a trade I would take as the RR is less than 2 and I consider those unfavorable. However, the price may form a lower high and I want to take advantage of the action if that is the case. The SL is placed just above the previous high....
France 40 Ascending Channel - Long Order Entry: €5,668.1 TP & RR: €5,760.5 (1.89) Stop Loss: €5,619.3 REASONS FOR THE TRADE Again, this is a trade that I would like to take, but will not due to already having enough positions. However, I am sharing this idea for those of you looking for a trade setup, especially if you are trading FR40. This is a similar...
CAC Index bearish (1D Chart)
Key levels for CAC-40, We see more trouble than happiness on the chart for the French index
Buying the support .
First off, please don't take anything I say seriously or as financial advice. As always, this is on opinion based basis and not meant to be taken seriously. That being said, let me get into my opinion. FR40 which is a French stock index for the Euronext Paris, have been hit pretty significantly as a result of Covid19 after being on a bullish recovery for almost a...
Buy Limit 5227.9 - 5207.8 Stop Loss 5188.3 Take Profit 5475.7 - 5495.5
Partial recovery is generally to be expected following the completion of a broadening pattern. In most cases, a rally will develop shortly after the level of the fourth reversal has been broken. This rally seldom gets beyond the half-way level between the last top and the last bottom of the pattern. When it works, this rare pattern is exceedingly important, and...
Hi there. Price is forming a continuation pattern to the downside. Wait for the price to hit the top of the pattern and watch strong price action for sell.
Bullish on equities correction should end soon. If not here we will look for entry levels lower. RSI oversold with divergence.