FRA40
FRA40: Blueprints 1.After a rough bearish market on FRA40, prices are consolidating in a triangle that can be seen on the chart. Since it is a symmetrical triangle, prices can go either way:
- Fra40 would rally 170 points, should it breakout the higher edge of the triangle.
- Fra40 would go south 170 points, should it breakout the lower edge of the triangle.
The daily Pivot Point is around 4579.33. The daily support levels are around 4543.66 and 4487.33. The daily resistance levels are around 4635.66 and 4671.33.
CAC40: Blueprints 8. The CAC40 halted its fall after Last Friday's NFP report. The French benchmark flirted with 4673.98 level, before bouncing back and closing in a neutral doji. A breakout of 4740.47 will send the CAC40 back towards 4783.38.
Any bearish movement, resulting from yesterday's election in France, would send the benchmark seeking 4673.98, again, which breaking out will send it seeking lower lows.
The daily Pivot Point 4708.75. The daily support levels are around 4677.03 and 4639.27. The daily resistance levels are around 4746.51 and 4778.23.
CAC40: Blueprints 7.The Cac40 closed in the green, ahead of the ECB's meeting. The French index succeeded in closing above 4936.87, which is a good omen for the bulls, as breaking out 4936.87 will open the way to 5048.56, with 5004,8 as a primary objective.
The trend remains bullish as long as the benchmark has its EMA20 as a support, which breaking out will send it seeking 4847.25.
The daily Pivot Point is around 4944.41. The daily support levels are around 4914.47 and 4871.34. The daily resistance levels are around 4987.54 and 5017.48.
Cac40: Blueprints 2The CAC40 closed another session in the red as a part of a strong correction that has sent it back to 4850.17. The current trend is bearish and the benchmark is hovering on its EMA20, where it will find some support. As a matter of fact it is entering a major support zone, which consists of the 4850.17 support level, the bullish gap highlighted on the chart, and the EMA20. The Benchmark is falling although tailwinds coming from the macroeconomic environment have beaten estimates. The French gauge will 4815.16 as an objective, should the bearish trend continue, which will be valid should the Benchmark opens below 4849.04 today.
The benchmark will have 4876.43 as a primary objective, should it fail to pursue its slide. It will aim to 4905.6 should an inversion occur. While an opening above 4888.73 will reject the downtrend and throw the benchmark again in a bullish market with 4915.62 as a primary objective.
The daily Pivot Point is around 4890.35. The daily support levels are around 4817.33 and 4778.01. The daily resistance levels are around 4929.67 and 5002.69.
CAC40: A morning star?The CAC40 closed last Friday in a morning star pattern. Today's opening will be crucial, as a bearish gap will send the benchmark south, back to 4654.69, with 4673.69 as a primary objective. Closing in a bearish candle today, will render the morning star valid. It will have at least 4587.59 at least as an objective on the middle run.
Breaking out 4733.47, will reject the morning star, and send the benchmark up to 4783.83.
The daily Pivot Point is around 4710.77. The daily support levels are around 4683.86 and 4666.33. The daily resistance levels are around 4728.30 and 4755.21.
French CAC40 (FRA40) Rally Gathers Pace, Not Cleared Until >4730With the Euro continuing to weaken to start October (versus the other seven major currencies covered by DailyFX Research, the Euro has fallen by an average of -0.67%), improving French economic conditions, and evidence that the Fed will keep rates lower for longer (with perhaps the European Central Bank getting ready to ease next), the path has been cleared for an early-October rally by the French CAC40.
CAC40: Rallying to 4731.65?The CAC 40 is rallying, and is currently on the threshold of breaking out 4673.96, which will send it upward to 4709.35.
Failing to break out 4673.96 will send it back to 4581.91, with 4623.33 as a primary objective.
The daily Pivot Point is around 4644.90. The daily support levels are around 4605.02 and 4549.40. The daily resistance levels are around 4700.52 and 4740.40.
WHY ARE PEOPLE SCARED? SPX500 AUS200 FRA40 GER30 UK100 JPN225I present you 6 stocks with the same pattern action.
SPX500 AUS200 FRA40 GER30 UK100 FX:JPN225
Contrary to popular belief, I don't see any preference of expecting stocks to crash. I just see scared investors because prices touched the support levels, so everyone is panicking about it.
This also happened last year on October, many people panicking that it was going to crash but it was just a correction. Bubbles don't end until proven exploded.
Why?
Because the major support level just bounced. Look at the symmetrical support and resistance lines, they haven't been broken in all stocks. They all bounced.
I am not saying it will go up or down. I am just trying to clarify that the trend still continues, although it can be an excellent opportunity to buy while this hasn't been broken. Just don't let your emotions kick in.
As always, keep it safe.
CAC40. Still considered as a correctionAt the present situation, there are a lot of macro economic unknown situation such as the Greek Debt, and therefore
it is very difficult to foresee how the market will react. We are in a correction process, but this correction process can go either way.
Until 4762, we may consider the situation as a correction. bellow, it may be very much a reversal.
At the present time, ECB's QE has no effect on the market.
Tensions about Greece are rising since the Greek Prime Minister is making some worrying comment.
On the other hand, we are about to come to the phase we"re traders sells in May and Come back in September. For me, the good entrance may be very much Mid August. Having said that September may also be a time where FED decide to increase its interest rate, but I do not think that 3Q15 is a realistic timing, 1Q16 may be very much the moment. To be seen.
FRA40. Towards a dowside correction until 4967CAC 40 or FRA40 as you wish is in a correction process on the dowside. This correction may go until 4967 before ECB put on the table the second part of its QE i.e 60 bio€.
On a 4H or 1D there isn't yet any sign of reversal trend. which means that this is just a correction for the time being.
The correction will be confirmed on a 2H and 4H . And if on a 1D there is no sign, then this will be just considered as a correction rather then a change of trend.
FRA40: CAc is well oriented on the upside for the time being. There is a bright future for the French index. Baring in mind that ECB will inject fresh money in the market, the Index is well oriented and the trend is clear. If the Greek Debt problem is solved by this week-end which will be solved, then, you can easily get long in the market. No correction yet forseen.
FRA40 : INVERTED H&S PROJECT 4703 TARGET? Daily chart shows what I believe to be an inverted Head & Shoulders, which if confirmed has 4703 as target
FRA40 seems to love horizontal supports after break outsWe are in a bullish rally from the past years, and whenever it crosses a support, the panic comes, you know what happens when a trend is broken, it follows a new trend to the opposite direction.
What happens when a diagonal trend is broken in the case of a long bullish rally here? Well, you expect a major correction or crash. But is it really the time for it for FRA40? I don't think so.
However, FRA40 seems to be breaking it's trends, making more downsides than usual, but they all usually stop at the next and simple horizontal support.
The pink lines are shown where the correction ends up before continuing the rally. In this time, it broke, and it bounced at the 4182 support point. It tried to break it again with no success forming a double test. It broke a minor downside trend and it seems to go up.
France: No confluence short or the art of patience IIConfluence area is a bit higher, but price reached a polarity zone, where through the years changed from support to resistance enough times to mark her as area of interest.
Fresh visit to this area has most of the times the probabilities leaning towards to rejection, before maybe higher, gun the shorts - like mine - and go deeper inside the confluence area. In such a case, according to PA there, a second opportunity for the shorts will be given and who knows, another note of self discipline and practice patience will be written again.
The trend is clearly up but a confirmation of the evening star will provide comfort to the trade.
Cheers
Panos
