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FRA40 is approaching our first resistance at 4920 (horizontal overlap resistance, 161.8% Fibonacci extension) where a strong drop might occur below this level pushing price down to our major support at 4740 (horizontal overlap support, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our first resistance and we might see a corresponding drop...
The CAC40 rallied yesterday, after a very bullish gap at the opening. The trend is currently bullish, falling back to a bearish market is only possible if the benchmark breaches its EMA20 and closes yesterday's bullish gap. The daily objective is 4654, which breaching will send it to 4673.96. An eventual correction will send it back to 4518 with 4568.19 as a...
The CAC40 re-visited 4386.1, after false attempts to rally beyond 4518.39, ending the week in hesitation. The French benchmark will have 4584.08 as an objective, should it breach 4518.10. The primary objective in this case will be 4549.12. A bearish gap at the opening, today, will send the benchmark south to 4387.72, with 4421.98 as a primary objective. The...
The CAC40 closed in the red, closing yesterday's bullish gap at the opening. The benchmark still has Wednesday's bullish gap to close. It will provide the benchmark with some support. Cutting through 4387.72 will send the benchmark back to 4332.99, with 4367.95 as a primary objective. Breaching 4474.27 will suggest a bullish trend with 4564.27 as an objective,...
The Cac40 opened with a very bullish trend, which has sent it back a few step away from 4501.44. If the Cac40 breaches 4472.84, the trend will be bullish with 4517.33 as an objective, and 4501 as a primary objective. The benchmark will go back to a bearish market with 4352.06 as an objective, and 4387.72 as a primary objective. The daily Pivot Point is around...
The CAC40 closed yesterday in the green, after closing a very bearish gap at the opening. Volatility is increasing, as the bollinger bands are spreading up. The benchmark will continue its bearish market should it cut through 4325.56, with 4240.82 as an objective, and 4260.56 as a primary objective. The benchmark will head towards 4465, with 4425 as a primary...
The CAC40 ended a long bearish week by a rally towards 4514, after hitting the channel's target. In case of an opening with an bullish gap, the benchmark will have 4580.9 as an objective, with 4549.12 as a primary objective. Opening below 4418 would suggest a bearish movement towards 4358.42. The daily Pivot Point is around 4469.59. The daily support levels are...
The CAC40 ended the session in the red. Cutting through 4337.28 will send the French benchmark south to 4240.82, 4275.78 being the primary objective. Breaching 4390.2 will lead it up towards 4530.05, with 4434.7 as a primary objective. The daily Pivot Point is around 4388.13. The daily support levels are around 4306.19 and 4255.34. The daily resistance levels...
The channel's targets are achieved, leaving the CAC40 around its 4240.82 support level it has reached last month. The current trend remains bearish with 4240.82 as an objective. Volatility is rising, the bollinger bands are widening up, and the candles are getting outside of the bands. If the bearish market continues, 4278.96 will be the primary objective. If an...
The CAC40 breached the channel and have almost achieved its objective around 4387.72. It closed yesterday in a doji pattern. The French benchmark will have 4501.44 as an objective, should it open tomorrow above 4432.83. It will have 4304 as an objective, with 4387.72 as a primary objective, should it opens below 4432.83. The daily Pivot Point is around 4440.5....
The Cac40 reached 4486.6 breaching the 4501 level it has been testing since the beginning of the month which constitutes the Channel's southern side. The breach may lead it to 4387.72, with 4447.42 as a primary objective. Only a clear close above 4501, around 4533.2, would suggest a reintegration of the channel. The French benchmark may find resistance around...
The CAC40 fell back to 4501, as previewed, after the FOMC. It hit a new low at 4495.05, where it found buying pressures thwarting it from pursuing the bearish market. Should the current trend continues on Monday, a breakout from below, is to be expected. In this case the objective will be 4387.72, with 4460.12 as a primary objective. If the French benchmark...