France 40 (FR40EUR) Consolidates in a Tight Range Between Levels 4900 and 5000


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

France 40 (FR40EUR) Long-term Trend: Ranging
France 40 index is in a sideways move. The index is currently fluctuating between levels 4800 and 5200. FR40EUR is trading in the middle of price range. The price is not close to breaking any of the key levels. This will delay the range-bound movement to a trending market.

FR40EUR – Daily Chart

Daily Chart Indicators Reading:
The index is currently at level 51 of the Relative Strength Index period 14. It is in an uptrend zone and above the centerline 50. The 21-day SMA and the 50-day SMA are sloping sideways indicating sideways trend.

FR40EUR – 4 Hour Chart

France 40 (FR40EUR) Medium-term Trend: Ranging
On the 4- hour chart, the index is in a sideways move. The price action is without a pattern. The price consolidating is in a tight range between levels 4900 5000. The market is in a choppy price action.

4-hour Chart Indicators Reading
The index is currently above 20% range of the daily stochastic. The index is in a bullish momentum. The moving averages are still sloping upward indicating the bull market.

General Outlook for Italy France 40 (FR40EUR)
FR40EUR is in a sideways move but it is fluctuating in the middle of price range. For now, the index is not close to trending. For the past week, it is consolidating between level 4900 and 5000.

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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.