Fabkis 40 (FR40EUR) Consolidates nyob rau hauv ib tug Choppy Market, Faces Rejection ntawm Qib 5000

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Cov Thaj Chaw Tseem Ceeb: 5800, 6000, 6200
Cov Pib Pab Txhawb: 5000, 4800, 4600

Fab Kis 40 (FR40EUR) Kev Lag Luam Ntev: Ntev
The index is currently in a sideways trend between levels 5250 and 4750. The market has continued its sideways move unabated. Recently, the price reached the support line but fail to break below it. The sideways move has resumed as price  moves up.

FR40EUR - Daim Ntawv Niaj Hnub

Qhia Txog Cov Lus Qhia Txhua Hnub Nyeem:
France 40 index has fallen to level 48 of the Relative Strength Index. This implies that the market has reached the downtrend zone. The 21-day and 50-day SMAs are sloping horizontally. The index will resume uptrend or downtrend if price breaks the key levels of the market.

Fabkis 40 (FR40EUR) Ncua Sijhawm Nruab Nrab: Ntu
On the 4- hour chart, the market has continued the sideways trend. The market has a choppy price action. The price is fluctuating in the middle of price range. The key levels are rarely retested as the market continues consolidation.

FR40EUR - 4 Teev Daim Ntawv

4-teev Daim Ntawv Qhia Qhia Kev Nyeem
The price is presently above 80% range of the daily stochastic. The index has reached the overbought region of the market. Prices may have a downward move. The SMAs are moving sideways indicating the sideways trend.


General Outlook rau Fabkis 40 (FR40EUR)
France 40 is in a sideways trend. The market is in a choppy price action. The market is also characterized by small body candlesticks like spinning tops and Doji candlesticks.



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