France 40 (FR40 EUR) Reaches Bearish Exhaustion, Upward Move Likely


Key Resistance Zones: 5900, 6000, 6100
Key Support Zones: 5400, 5300, 5200

France 40 (FR40EUR) Long-term Trend: Bullish
France 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.

FR40EUR – Daily Chart

Daily Chart Indicators Reading:
At the moment, the index has fallen to level 53 of the Relative Strength Index period 14. It is in an uptrend trend zone but above the centerline 50. The 21-day SMA and 50-day SMA are sloping upward indicating the previous trend. The selling pressure will persist if the price breaks below the trend line.

France 40 (FR40EUR) Medium-term Trend: Ranging
On the 4- hour chart, the index is in a sideways trend. The market is fluctuating between level 4800 and 5100. The pair has fallen but is finding support at the 26-day EMA. However, if the 26-day EMA support holds, it appears the uptrend will resume.

FR40EUR – 4 Hour Chart

4-hour Chart Indicators Reading
France 40 is below 25% range of the daily stochastic. The pair is approaching the oversold region of the market. In the meantime, the price action is indicating a bullish signal. This indicates the emergence of bulls. The EMAs are sloping horizontally indicating the sideways move.

General Outlook for Italy France 40 (FR40EUR)
FR40EUR downward move is over as the index finds support at the 26-day EMA. The market is now in an upward move. The index is likely to retest the resistance at level 5100.

Note: Learn2.Trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit

Highly volatile unregulated investment products. No EU investor protection.

  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$100 Min Deposit
  • Trade top Cryptos such as Bitcoin, Litecoin and Ethereum plus more
  • Zero commissions and no bank fees on transactions
  • Around the clock service with support in 14 languages
$100 Min Deposit
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.