France 40 (FR40EUR) Reaches Overbought Region, May Reverse at Level 5513


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

France 40 (FR40EUR) Long-term Trends: Bullish
France 40 index is in an upward move. The index has fallen to level 4600 and resumed upward. The market has broken the previous resistance levels and reached a high of level 5445.

FR40EUR – Daily Chart

Daily Chart Indicators Reading:
It is currently at level 74 of the Relative Strength Index period 14. It is in an uptrend zone and above the centerline 50. The index is now trading at the overbought region of the market. The 21-day SMA and the 50-day SMA are sloping upward indicating the uptrend.

France 40 (FR40EUR) Medium-term Trend: Bullish
On the 4- hour chart, the index is in an uptrend. On November 9 uptrend; a retraced candle body tested the 78.% Fibonacci extension. This indicates that the index will reach a level of 1.272 Fibonacci extensions. That is the market will rise and reach level 1.272 and reverse. That is at the high level 5513.

FR40EUR – 4 Hour Chart

4-hour Chart Indicators Reading
The index is currently above the 80% range of the daily stochastic. It is trading in the overbought region. There is a likelihood of a seller’s emergence in the overbought region.

General Outlook for Italy France 40 (FR40EUR)
France 40 is in an uptrend. The recent rallies have reached the overbought region. The market may resume a downward move if sellers emerge. Meanwhile, the uptrend is ongoing.

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.