Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Ranging France 40 is trading in a sideways trend. The upward move has been terminated at level 5250 since June. Consequently, the index has been trading below the resistance. Also, between June and today, the current resistance level has […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 was earlier in an uptrend. The index rose to level 5123.80 and was resisted. France 40 is presently on a downward move. The downward move may reach the low of level 5200 if the selling pressure persists. […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is now is in consolidation after testing the low of 4 750. The price action is indicating the appearance of small body candlesticks. The market is presently fluctuating between levels 4750 and 5250. The small Doji and […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is in a downward move. A correction candle tested the 0.618 Fibonacci retracement level. This indicates that the market will fall to level 1.618 Fibonacci level. In other words, the market will fall to level 4427. Daily […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is in an uptrend. The index is currently trading in an ascending channel. The market will rise but may soon reach the overbought region where sellers may reach. The uptrend may be short-lived. Daily Chart Indicators Reading:At […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is in an uptrend. A correction candle tested the 0.618 Fibonacci retracement level. This indicates that the market will rise to level 1.618 Fibonacci extension level. After reaching the first target the market is currently retracing. Thereafter, […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is in an ascending channel. The upward move is now in the overbought region. It is currently above level 4500. It is doubtful if the price movement will continue. On the upside, if the bulls break the […]
Key Resistance Zones: 5900, 6000, 6100Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: BullishFrance 40 is in an ascending channel. The upward move is being interrupted at level 4600. On May 8, the bulls tested level 4600 and the index was resisted. The price dropped to 4200 low and resumed upward move. […]
Key Resistance Zones: 5900, 6000, 6100 Key Support Zones: 5400, 5300, 5200 France 40 (FR40EUR) Long-term Trend: Bullish France 40 is in an ascending channel. In the last 48 hours, the index has been falling from the high of 4600 resistance zone. The price is testing the previous support level which may eventually. The market […]
