The French CAC40 has struggled to break above the resistance zone into all time new highs. The ECB has promised cutting rates further negative and more stimulus...we shall wait to see the developments, but so far the markets have already priced that in and sold off today after the announcement. The CAC40 on the 4 hour shows 2/3 market trends. We had an uptrend...
SHS on 1D near to break down. Just did a pull back to upper side of bearish directrix today leaving a 4H bearish candle and way to live it in 1D also. It could break down soon this week. Likely to go down until 0.618 fibo retracement (around 4950). I would set sl at around 5415.
If you like this idea, please support it with a like. Thank you. CAC40 labeled as a bullish impulse in Intermediate (1) (blue), with a deep bearish retracement starting.
We can look for shorts if that weekly doji candle breaks down. If bears are able to successfully defend this key resistance we could see a move down towards 5100. If not a continuation towards 6150 is likely.
While the CAC40 gave traders an almost perfect technical upward channel for January February and most of March, that channel was broken last week only to be somewhat regained over the past few sessions. It still does not know however if that channel support line is now resistance or still support. Moving averages all signal upward momentum while bull bear...
This is such an interesting technical channel that we saw stemming back from December 2018. While, it failed to continue and broke through, it seems like now price action wants to use that former lower section of the channel that was support as resistance. However, this one is not as perfect as the channel that had formed as price action is creeping back into the...
My call on CAC40 is changed from long to neutral now that global markets are increasing their fear on a global slowdown. This is evident in markets around the world as Asian markets plunged today as did European. US is set to be down as well. Overall, the channel break is incredibly disheartening for those expecting higher gains as it was a huge move down (3...
Le CAC40 arrive actuellement sur sa MM200 qui coincide également avec l'extension de SSB De plus il est éloigné de sa Tenkan, on peut donc s'attendre à un repli vers celle-ci aux alentours des 5100 L'indice devrait être baissier à moyen terme
CAC40 is approaching our first resistance at 5184.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4950(38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension ) Stochastic (89,5,3) is also...
CAC40 is approaching our first resistance at 5184.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4950(38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension ) Stochastic (89,5,3) is also...
CAC40 is approaching our first resistance at 4931 (horizontal overlap resistance, 38.2% & 38.2% Fibonacci retracement, 61.8% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4556 (61.8% Fibonacci retracement , horizontal pullback support) Stochastic (34,5,3) is also approaching resistance where we...
CAC 40 failed to break above 5540 as it is a clearly prevailing resistance Level. Trade Setup could be established by selling the index here at 5504 TP1 5430 TP2 5365 SL 5580
I believe that we've got ourselves a nice juicy short on the table here guys. I'm anticipating a bearish pull down to lows of 5120.0 and also 4920.0. Let's see how this turns out! Of course I'll be updating any moves on this trade! Stay Tuned! TP: 5120.0/4920.0