France 40 (FR40EUR) Fluctuates Between Levels 5500 and 5600

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.

FR40EUR – Daily Chart

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.

FR40EUR – 4 Hour Chart

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,


Note: Learn2Trade.com 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
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$200 Min Deposit
9
  • Award-winning Cryptocurrency trading platform
  • 14 Cryptoassets available to invest in
  • FCA & Cysec regulated
$200 Min Deposit
9.8

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
9.8
  • 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
8.5
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
Share with other traders!

Author : Azeez Mustapha

Avatar

Azeez Mustapha is an experienced author, trader, markets analyst, signals strategist, and funds-manager.