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
Hi,
this chart explain in an exhaustive way my Sell Trade on FRA40 and the supply and demand levels.
My order was set many days ago. The chart shows clearly the reasons of my trade and the risk that I took selling in the lowest entry point.
I sold to a low price, 4549.80, but it was enough good.
Thank you
Girolamo Aloe
After a rough bearish market on FRA40, prices are consolidating in a triangle that can be seen on the chart. Since it is a symmetrical triangle, prices can go either way:
- Fra40 would rally 170 points, should it breakout the higher edge of the triangle.
- Fra40 would go south 170 points, should it breakout the lower edge of the triangle.
The daily Pivot...
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 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 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...
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 CAC 40 is rallying, and is currently on the threshold of breaking out 4673.96, which will send it upward to 4709.35.
Failing to break out 4673.96 will send it back to 4581.91, with 4623.33 as a primary objective.
The daily Pivot Point is around 4644.90. The daily support levels are around 4605.02 and 4549.40. The daily resistance levels are around 4700.52...
I present you 6 stocks with the same pattern action.
SPX500 AUS200 FRA40 GER30 UK100 FX:JPN225
Contrary to popular belief, I don't see any preference of expecting stocks to crash. I just see scared investors because prices touched the support levels, so everyone is panicking about it.
This also happened last year on October, many people panicking that it...
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...
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.
