France 40 (FR40EUR) Is in a Tight Range between Levels 4750 and 5250


Key Resistance Zones: 5800, 6000, 6200
Key Support Zones: 5000, 4800, 4600

France 40 (FR40EUR) Long-term Trends: Ranging
The index is currently in a sideways trend between levels 5250 and 4750. The market is not trending but price is falling to the support line. If the price breaks the support line, the index may resume trending. On the other hand, if price fails to break the support line the sideways move will continue. In the meantime, FR40EUR is range-bound within the price range.

FR40EUR – Daioly Chart

Daily Chart Indicators Reading:
France 40 index has fallen to level 44 of the Relative Strength Index. This implies that the market has reached the downtrend zone. The 21-day and 50-day SMAs are sloping horizontally. The index will resume uptrend or downtrend if price breaks the key levels .

France 40 (FR40EUR) Medium-term Trend: Ranging
On the 4- hour chart, the market has continued the sideways trend. On July 27 and 28, price dropped to level 4900 and the market continued consolidation above it. The direction of price is unclear as the market continues consolidation.

FR40EUR – 4 Hour Chart

4-hour Chart Indicators Reading
The price is presently below the 20% range of the daily stochastic. The stochastic bands are horizontally flat indicating that price is in a sideways move. The price momentum is neutral as the market fluctuates.

General Outlook for France 40 (FR40EUR)
France 40 is in a sideways trend. The market is still confined within level 4750 and 5250. The stochastic bands are horizontally flat indicating that the market is fluctuating.

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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.