FRA40 - 24h expiry - We look to Sell at 7200 (stop at 7300)
Previous support located at 7050.
Previous resistance located at 7150.
Price action has stalled at good resistance levels and currently trades just below here (7150).
Risk/Reward would be poor to call a sell from current levels.
A move through 7050 will confirm the bearish momentum.
Our profit...
FRA40 -
Previous support located at 7000.
Previous resistance located at 7150.
Further downside is expected.
Rallies continue to attract sellers.
Risk/Reward would be poor to call a sell from current levels.
A move through 7000 will confirm the bearish momentum.
24h expiry - We look to Sell at 7150 (stop at 7250)
Our profit targets will be 6900 and 6850...
FRA40 - Intraday - We look to Sell at 7000 (stop at 7100)
Previous support located at 6800.
Previous resistance located at 7000.
There is no indication that the selloff is coming to an end.
A higher correction is expected.
Risk/Reward would be poor to call a sell from current levels.
Our profit targets will be 6750 and 6700
Resistance: 7000 / 7050 /...
FRA40 - Intraday - We look to Sell at 7300 (stop at 7400)
Previous support located at 7150.
Previous resistance located at 7250.
Price action looks to be forming a top.
We expect a reversal in this move.
Risk/Reward would be poor to call a sell from current levels.
A move through 7150 will confirm the bearish momentum.
Our profit targets will be 7100 and...
In the next coming months the CAC will be on a Bearish trend based on my demand and supply analysis.
Fundamentally all equities markets are Bearish since most major central banks( I.e FED, BOE, ECB, etc) are hiking fund rates and reducing their banks balance sheets to curb the high inflation on their economies.
In this update we review the recent price action in the CAC40 and identify the next high probability trading opportunities and prices objectives to target
Cup and Handle is still in play with CAC40,
7>21>200 -Bullish - Green background
RSI>50
Bullish bias
Target 7,943
Fundamentals:
Seems like the smaller exchanges are following the SPX, Nasdaq and even top companies now.
There is bullishness in the air all around. I will be taking advantage as much as I can until the trend changes
If you ask yourself where is France Index CAC going – I think it is obvious – It will move up and down to the sky.
It needs time like DAX but the direction is only one – but remember that RSI is very low and weak. The same with MACD below 0.
But I suppose that they will want to make new highs –
Like DAX waiting for march 2023 r. what will bring new month and...
FRA40 - Intraday - We look to Buy at 7100 (stop at 7035)
Previous support located at 7150.
Previous resistance located at 7200.
There is no clear indication that the upward move is coming to an end.
Short term RSI has turned positive. Risk/Reward would be poor to call a buy from current levels.
A move through 7200 will confirm the bullish momentum.
Our...
A ~10% uptick is still due in all major indices. Similar structures in SPX, NASDAQ, RTSI.
In the FX world, EURUSD at 1.12...1.14 is back on the table, and this range will be hit at the same time as stocks reach their cycle high.
The funny thing is -- USDJPY is also ripe for a correction to ~136..137, which means that a new (and final) multi-year high in EURJPY...
FRA40 - Intraday - We look to Sell at 6500 (stop at 6585)
Previous support located at 6350.
Previous resistance located at 6450.
There is no clear indication that the downward move is coming to an end.
Risk/Reward would be poor to call a sell from current levels.
A move through 6350 will confirm the bearish momentum.
Our profit targets will be 6320 and...
HELLO GUYS THIS MY IDEA 💡ABOUT CAC40 nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for...
Going short on FR40 as it has broken the trend line support and a trend reversal could be seen so a bearish reversal is expected of LL and LH, therefore, going Short.
The bullish channel got violated after the peak at price 6797.7, this is now a change of structure. Looking for market to hit price 6627.1 which is our previous daily high then take a slight upward move to complete head-and-shoulders pattern… From the emerging formation then we can smoothly continue to go bearish until the neckline at 6420.0…
