France 40 (FR40EUR) Fluctuates Between Levels 5500 and 5600

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 below level 5600. The price is consolidating above the SMAs but below the resistance at level 5600. A break above the resistance will compel the index to resume an uptrend. The index will move up level 5800.

Daily Chart Indicators Reading:
The index is currently at level 60 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 upward indicating an uptrend.

France 40 (FR40EUR) Medium-term Trend: Ranging
On the 4- hour chart, France 40 is in an upward move. The index is in a range bound movement between levels. The price is fluctuating between levels 5500 and 5600. The price action is characterized by small body candlesticks called Doji and Spinning tops, These indecise candlestick indicates that buyers and sellers undecided about the direction of the market.

4-hour Chart Indicators Reading
France 40 is currently below the 80% range of the daily stochastic. The index is in bearish momentum. The moving averages are still sloping sideways indicating the sideways market.


General Outlook for France 40 (FR40EUR)
France 40 is now in a sideways trend. In November, the bulls fail to break the resistance at level 5600. Since November, buyers and sellers are undecided about the direction of the market,


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