The french blue chip Total (FP, 111b € of Market Cap), from the oil industry, is inside a bearish dynamic since June 2014. This is characterized by lower tops and lower bottoms. Currently, the buyers seemed to have taken back the advantage, but the Major resistance area at 45.00€ is still preventing the stock from going higher . As long as this level is not...
The CAC40 is consolidating between 4300 and 4520 pts since the middle of July. The US indices are currently showing weaknesses, and so does the french equity market. The resistance area at 4550, doubled with the other one at 4520, definitely constitute a barrage for the buyers to go higher. The bearish forces are getting a bit stronger as weeks pass, as shown by...
FRA40 seems to be getting challenged at the swing, sign of a drop comming the week ahead.
We have downtrends in all timeframes except the daily in the France ETF. Currently price is about to break below the yearly downtrend mode, which if it happens could start a big slide down. The daily suggests a short is optimal here, risking a rally to pre-Brexit highs at 24.70, targets can be initially the monthly one at 19.22, but eventually this could evolve...
CADJPY has completed a very nice bearish Wolfe Wave setup. SL is placed above recent highs with target at the 1-4 projection line.
The index lacks some strength to reach the gap identified around 5052, instead briefly trading above the 5000 mark but always closing below. Followed a retracement to the first support, quickly passed through and now approaching the support at 4715. This mark was a resistance during Sep-Oct and also a 38.2% retracement. (Note: for those who would put the low point...
Airbus broke up MAs and the price is actually above the resistance. It looks like Airbus will find new trading range 18-20.
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...
USDCHF throughout febuary has been pretty bullish but there are key resistance ahead that could lead into short swing trades
Resistance breakout with higher lows and higher highs recently. Company is enjoying success with expansion of its Niobe system products in France. There is a inverted head and shoulders reversal pattern. Q4 investor conference on 2/25 4:30PM EST at ir.stereotaxis.com Stereotaxis is a healthcare technology and innovation leader in the development of robotic...
SHORT SWING TRADE he EURUSD is in a really good trend right now. It has been in this range on the 60m chart for the last 3 weeks trending lower. I think that this is a good trend and will be trending this way for the next week in the very least. The average trade swing length is roughly 36-60 hours with an average swing of about 100 pips. I will be going in...
European indexes ended the week lower first time for the last two months — something to take notice. French index CAC40 was the worst performer, broke its accelerated trend line and closed below 8 EMA. It will be healthy to see some type of consolidation after the big move up with a potential intermidiate target at 4,264 where 50 EMA is situated. But first it...