The CAC 40, the benchmark French index, continues to trade around 7,496 during Friday's London session. Currently, the price is retesting a previous demand area, sparking interest in a potential bullish reversal pattern. I’m closely monitoring lower timeframes and daily charts for confirmation of a possible long position. Market dynamics show retail traders are...
FRA40 - 24h expiry Indecisive price action has resulted in sideways congestion on the intraday chart. Pivot resistance is at 7700. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 7625 will confirm the bearish momentum. We look to Sell at 7700 (stop at 7772) Our profit targets will be 7520 and...
• Month and quarter-end flows to impact price action • The US Presidential elections kick up a gear • Managing risk around the French 1st round vote • US Core PCE is the marquee data point of the week • Australia's monthly CPI a potential kicker for the AUD • Central bank meetings due this week • Long MXN back in vogue For the week ahead there is a fair...
overbought whiel in france many protest that bkcoked the country and economy not strong but enouhg for next data will be bad ther eno reason for up,me as french i thoug it will crsh but it folow us stock
FR40EUR - Intraday Indecisive price action has resulted in sideways congestion on the intraday chart. Momentum is flat, highlighting the lack of clear direction. Risk/Reward would be poor to call a buy from current levels. A move through 8100 will confirm the bullish momentum. The measured move target is 8150. We look to Buy at 8025 (stop at 7975) Our...
FRA40 - 24h expiry There is no indication that the rally is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 8250 will confirm the bullish momentum. The measured move target is 8300....
FRA40 - 24h expiry There is no clear indication that the upward move is coming to an end. Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher. Risk/Reward would be poor to call a buy from current levels. A move through 8200 will confirm the bullish momentum. The measured move target...
FR40EUR - 24h expiry 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. Short term RSI is moving lower. A move through 7400 will confirm the bearish momentum. The measured move target is 7350. We look to Sell at 7450 (stop at 7490) Our profit targets will be 7350 and 7330...
FRA40 - 24h expiry There is no clear indication that the upward move is coming to an end. Dips continue to attract buyers. Risk/Reward would be poor to call a buy from current levels. A move through 7300 will confirm the bullish momentum. The measured move target is 7350. We look to Buy at 7240 (stop at 7196) Our profit targets will be 7350 and 7375...
FRA40 - 24h expiry Price action looks to be forming a bottom. We expect a reversal in this move. A move through 7025 will confirm the bullish momentum. Short term RSI has turned positive. The measured move target is 7050. We look to Buy at 6950 (stop at 6890) Our profit targets will be 7100 and 7140 Resistance: 7025 / 7050 / 7075 Support: 6975 / 6950 /...
i wont say much stuff,but what i will say ,its full fundamental and what happens in the country #cac40 (fra40 outperform many index,if its not all) while in France all gone bad since many weeks Big protest and it is not finish.. next data will surely be down as protest had block few sector the President public opinion had never been so low u can go on twitter...
FRA40 - 24h expiry There is no clear indication that the downward move is coming to an end. Further downside is expected. Risk/Reward would be poor to call a sell from current levels. A move through 7170 will confirm the bearish momentum. The RSI is trending lower. We look to Sell at 7230 (stop at 7280) Our profit targets will be 7110 and 7080...
Greetings once again, TradingView community! Our ongoing quest through the markets unfolds another intriguing chapter, serving as a testament to the unpredictability and dynamism that is trading. If you're joining this journey for the first time or have been a steadfast companion, here's a brief rundown of the principles driving this series: Transparency, Not a...
FRA40 - 24h expiry The move higher is mixed and volatile, common in corrective sequences. We expect a reversal in this move. Risk/Reward would be poor to call a sell from current levels. A move through 7300 will confirm the bearish momentum. The measured move target is 7200. We look to Sell at 7350 (stop at 7390) Our profit targets will be 7250 and 7200...
FRA40 - 24h expiry Previous resistance located at 7350. Previous support located at 7250. The trend of higher lows is located at 7100. Further upside is expected although we prefer to set longs at our bespoke support levels at 7250, resulting in improved risk/reward. A move through 7350 will confirm the bullish momentum. We look to Buy at 7250 (stop at 7210)...
FRA40 - 24h expiry Trend line support is located at 7400. Previous resistance located at 7450. Price continues to trade within the triangle formation. We expect a reversal in this move. Risk/Reward would be poor to call a buy from current levels. We look to Buy at 7400 (stop at 7370) Our profit targets will be 7470 and 7500 Resistance: 7450 / 7470 /...
FRA40 - 24h expiry Previous support located at 7350. Previous resistance located at 7425. Price action looks to be forming a bottom. Risk/Reward would be poor to call a buy from current levels. Short term RSI has turned positive. We look to Buy at 7325 (stop at 7275) Our profit targets will be 7445 and 7450 Resistance: 7425 / 7450 / 7500 Support: 7350...