Hello Everyone,
Currently, FRA40 is positioned above its 1-day pivot point, and the daily/weekly support appears to be holding up effectively. FRA40 is viewed as a long-term buy. If the present support level remains intact, we could witness immediate upward movement, with the aim of the price consolidating above the 1-month pivot point to confirm the upward...
Hello fellow traders,
Today, I want to discuss one of my favorite tools for identifying robust short-term and long-term trends on the CAC40 using TradingView—the Adaptive Trend Finder (log). This tool employs a highly effective method based on Pearson correlation, allowing for a nuanced analysis of market trends.
Located in the middle of the chart in gray,...
Hey Traders,
Amongst all other indexes, there is a strong case for the CAC40 to be short.
Coming straight up into key resistance, our pre determined short zone has allowed price to continue down.
We can now look to handle the move on the short case, turning long when and where it becomes applicable to do so.
FRA30 has changed its trend from bullish to bearish on the 15 minutes time frame so I'll be expecting a bearish movement when price react to the recent fvg on the 1 hour time frame before I want anticipate a sell
Big Pattern = Big Moves
Long consolidations = Fast Breakouts
The #NIKKEI had a beautiful chart pattern and we are seeing the explosive up moves occur in that market.
The French stock market - along much Europe hasn't done much for over two years
But we are quickly approaching Target 1 of a large --- non conventional HVF
Is it monetary stimulus or economic...
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....
Looks like nice structure is forming here on the French cash index, it's a strong support zone shown to be valid because of two strong reactions last week.
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...
A clean uptrend move which I caught on F40. initially on the daily chart we saw an engulfing candle which closed right above the previous bear candle on Wednesday Feb 14th. This candlestick pattern emphasised that F40 was looking to continue the uptrend and potentially break 7700. This move was 360 pips in total. No indicators, just simple price action.
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
The CAC 40 started today's session in the green after several rebounds on the support of 7550. This key level seems to be holding and now the French index is on a bullish momentum. My medium term objective is 7840.
Today, the CAC 40 index is showing signs of being bearish as it is currently trading lower than its previous closing price. This downward trend suggests that we may see a further decline towards the 7600 level in the near future.
**Disclaimer: This analysis is not financial advice and should not be taken as such. It is based solely on my own interpretation of the...
I could make up a bunch of stuff to make you believe in my setups. The truth is my analysis doesn't matter. I could have flipped and coin and made up anything lol. Anyways, this is my trading setup. Letting the lines do all the speaking. Have a blessed day.
Pivot
7624.00
Our preference
Long positions above 7624.00 with targets at 7700.00 & 7748.00 in extension.
Alternative scenario
Below 7624.00 look for further downside with 7600.00 & 7574.00 as targets.
Comment
The RSI is mixed and calls for caution.
Supports and resistances
7760.00
7748.00
7700.00
7681.50 Last
7624.00
7600.00
7574.00
Number of...
The CAC40 has begun its up journey in what is being labeled currently as wave iii of WAVE 3.
This particular sub-dividing leg is projected moving towards EUR8100-8150 zone.
The final projected target zone for the bigger wave 3 however comes in at a much higher level of EUR 8750.
Hello,
Embarking on the journey of creating a portfolio of stocks can be both exciting and challenging. One strategy that many investors consider is using a well-established index as a basis for their portfolio. In this article, we will explore the steps involved in building a portfolio with the CAC 40 Index, a benchmark index representing the 40 largest stocks...
Introduction:
In the dynamic world of financial markets, staying ahead of trends is crucial for successful trading. Technical analysis serves as a powerful tool for identifying potential opportunities, and currently, the CAC 40 index is exhibiting signs of a correction, forming a wedge pattern that could indicate a short-term sell opportunity.
Understanding...
- Prices have been trading upwards since the end of October 2023, the market is therefore in a medium-term bullish trend.
- Very recently, and since the establishment of a new all-time high below 7,655.0pts, the market has retraced towards its double support at 7,400.0pts. Prices are now trading below the two 13- and 21-period exponential moving averages, which...
