France 40 (FR40EUR) Is in the Oversold Region, May Resume Upward


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

France 40 (FR40EUR) Long-term Trend: Bearish
France 40 index is in a downward move. The index has fallen and broken the previous price range. The retraced candle body tested the 38.2% Fibonacci extension on October 12. This indicates that the index will reach level 2.618Fibonacci extension. That is the index will fall to the level 3959.20.

FR40EUR -Daily Chart

Daily Chart Indicators Reading:
It is currently at level 29 of the Relative Strength Index period 14. It is in a downtrend zone and below the centerline 50. The index has fallen to the oversold region. The 21-day SMA and the 50-day SMA are sloping downward indicating a sideways trend.

France 40 (FR40EUR) Medium-term Trend: Bearish
On the 4- hour chart, the index is in a downtrend. On October 22 downtrend; a retraced candle body tested the 38.2% Fibonacci extension. This indicates that the index will reach level 2.618Fibonacci extension. That is the market will reach level 4435.0.

FR40EUR – 4 Hour Chart

4-hour Chart Indicators Reading
The index is currently below the 20% range of the daily stochastic. It is in a bearish momentum. The market has reached the overbought region.

General Outlook for Italy France 40 (FR40EUR)
France 40 is in a downward move. The selling pressure is likely to continue but the index has reached the oversold region. Buyers are expected to emerge to push prices upward.

Note: 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.