Analising the FRA40 we got a high probability to have a bullish market the price is near fibonacci 0,764 we got a support level in weekly charts we need a candlestick pattern to enter in trade in daily charts.
MME 200 is a very nice support for weekly charts suporting a bullish movement
Target 7300
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...
1. Declining Channel Pattern:
The most prominent feature on the chart is the declining channel pattern. Historically, when prices touch the lower trendline, we often witness a bounce.
2. Linear Regression Channel
There is also evidence of a linear regression channel pattern, with the price recently testing its lower range. This provides a potential area of...
FRA40 - 24h expiry
There is no clear indication that the downward move is coming to an end. Further downside is expected.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 7000 will confirm the bearish momentum.
We look to Sell at 7100 (stop at 7150)
Our profit targets will be 6975 and 6950...
FRA40 - 24h expiry
Price action has continued to trend strongly lower and has stalled at the previous support near 7025.
Price action looks to be forming a bottom.
We expect a reversal in this move.
Risk/Reward would be poor to call a buy from current levels.
A move through 7100 will confirm the bullish momentum.
We look to Buy at 7025 (stop at 6975)
Our...
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...
Pivot: 4280.00
Our preference:
long positions above 4280.00 with targets at 4341.00 & 4358.00 in extension.
Alternative scenario:
below 4280.00 look for further downside with 4257.00 & 4237.00 as targets.
Comment:
the RSI is bullish and calls for further advance
FRA40 - 24h expiry
The correction higher is assessed as being complete.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 7300 will confirm the bearish momentum.
The RSI is trending lower.
We look to Sell at 7370 (stop at 7420)
Our profit targets will be 7250 and 7225
Resistance: 7350 / 7370 /...
Pivot: 7280.00
Our preference:
short positions below 7280.00 with targets at 7180.00 & 7120.00 in extension.
Alternative scenario:
above 7280.00 look for further upside with 7325.00 & 7380.00 as targets.
Comment:
as long as 7280.00 is resistance, look for choppy price action with a bearish bias.
FRA40 - 24h expiry
There is no indication that the selloff is coming to an end.
Short-term RSI has turned negative.
Further downside is expected.
Risk/Reward would be poor to call a sell from current levels.
A move through 7150 will confirm the bearish momentum.
We look to Sell at 7225 (stop at 7275)
Our profit targets will be 7105 and 7075
Resistance:...
Pivot: 7300.00
Our preference:
short positions below 7300.00 with targets at 7226.00 & 7100.00 in extension.
Alternative scenario:
above 7300.00 look for further upside with 7320.00 & 7380.00 as targets.
Comment:
as long as 7300.00 is resistance, look for choppy price action with a bearish bias.
Pivot: 7315.00
Our preference:
long positions above 7315.00 with targets at 7407.00 & 7450.00 in extension.
Alternative scenario:
below 7315.00 look for further downside with 7270.00 & 7214.00 as targets.
Comment:
the RSI lacks momentum.
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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...
Pivot: 7195.00
Our preference:
long positions above 7195.00 with targets at 7330.00 & 7375.00 in extension.
Alternative scenario:
below 7195.00 look for further downside with 7145.00 & 7080.00 as targets.
Comment:
a support base at 7195.00 has formed and has allowed for a temporary stabilization.
Pivot: 7395.00
Our preference:
short positions below 7395.00 with targets at 7215.00 & 7130.00 in extension.
Alternative scenario:
above 7395.00 look for further upside with 7440.00 & 7485.00 as targets.
Comment:
as long as the resistance at 7395.00 is not surpassed, the risk of the break below 7215.00 remains high.
