France 40 (FR40EUR) Consolidates Above Level 5500, It Is Likely to Resume Upward
Login

France 40 (FR40EUR) Consolidates Above Level 5500, It Is Likely to Resume Upward

Estimated Reading Time: 2 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

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 bulls are yet to break the resistance at level 5600. On December 21, the bulls were repelled as the index dropped to level 5300 and move up. A break above the resistance will signal the resumption of the uptrend.

FR40EUR – Daily Chart

Daily Chart Indicators Reading:
The index is currently at level 58 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 below 5600. The price is falling after failing to penetrate the resistance at level 5600. The price will fall to level 5500 and resume upward.

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. Presently, the index is still fluctuating below the overhead resistance.


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 result

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
Entry Price Levels

Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News