FCEZ2029 trade ideas
🥂CAC40: Croisière sur la Seine, avec une bouteille de ChampagneLuxury shares boost Europe's STOXX 600, French stock index TVC:CAC40 hit new record high.
European shares climbed on Thursday on a boost from luxury stocks after XETR:MOH posted upbeat first-quarter sales, while hopes of a pause in the Federal Reserve's rate hikes after signs of cooling U.S. inflation also aided sentiment.
👉 The pan-European STOXX 600 rose 0.4%, while the blue-chip index (STOXX50) gained 0.5%, inching closer to its highest level in 22 years hit on Wednesday.
👉 LVMH climbed 5.7%, closing at a record high after the world's largest luxury company reported a 17% jump in first-quarter sales that breezed past estimates as business in China rebounded sharply.
👉 European stocks have more than recouped last month's declines with gains of 1.4% so far, outperforming the benchmark SP:SPX index on Wall Street, amid ebbing fears of a steep recession in the euro zone.
👉 European stocks are seen as undervalued compared to their U.S. peers. With the economic outlook for the U.S. deteriorating, investors appear happier now to take advantage of this pricing skew and buy relatively cheaper European shares. The risk factor that had been associated with holding European shares is diminishing and this is allowing investment decisions to be made based more on fair value plays.
Technical pictures in France Stock Index TVC:CAC40 indicates the breakout of massive 20-year old Reversed Head & Shoulder structure, so it seems a lot of gain here is yet to come.🥂
CAC 40 Futures ( FCE1! ), H4 Potential for Bullish continuationTitle: CAC 40 Futures ( FCE1! ), H4 Potential for Bullish continuation
Type: Bullish continuation
Resistance: 7381.5
Pivot: 6397.5
Support: 6797.5
Preferred case: Looking at the H4 chart, my overall bias for FCE1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 7381.5, where the previous swing high is.
Alternative scenario: Price may head back down to retest the support at 6797.5, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
CAC 40 Futures ( FCE1! ), H4 Potential for Bullish continuationTitle: CAC 40 Futures ( FCE1! ), H4 Potential for Bullish continuation
Type: Bullish continuation
Resistance: 7381.5
Pivot: 6397.5
Support: 6797.5
Preferred case: Looking at the H4 chart, my overall bias for FCE1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 7381.5, where the previous swing high is.
Alternative scenario: Price may head back down to retest the support at 6797.5, where the 38.2% Fibonacci line is.
Fundamentals: There are no major news.
CAC 40 Futures ( FCE1! ), H4 Potential for Bullish continuationTitle: CAC 40 Futures ( FCE1! ), H4 Potential for Bullish continuation
Type: Bullish continuation
Resistance: 7381.5
Pivot: 6397.5
Support: 6797.5
Preferred case: Looking at the H4 chart, my overall bias for FCE1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 7381.5, where the previous swing high is.
Alternative scenario: Price may head back down to retest the support at 6797.5, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
CAC 40 Futures ( FCE1! ), D1 Potential for Bullish continuationTitle: CAC 40 Futures ( FCE1! ), D1 Potential for Bullish continuation
Type: Bullish continuation
Resistance: 7381.5
Pivot: 6397.5
Support: 6797.5
Preferred case: Looking at the D1 chart, my overall bias for FCE1! is bullish due to the current price crossing above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 7381.5, where the previous swing high is.
Alternative scenario: Price may head back down to retest the support at 6797.5, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
CAC 40 Futures ( FCE1! ), D1 Potential for Bullish continuationTitle: CAC 40 Futures ( FCE1! ), D1 Potential for Bullish continuation
Type: Bullish continuation
Resistance: 7381.5
Pivot: 6397.5
Support: 6797.5
Preferred case: Looking at the D1 chart, my overall bias for FCE1! is bullish due to the current price crossing above the Ichimoku cloud, indicating a bullish market. If this bullish momentum continues, expect price to continue heading towards the resistance at 7381.5, where the previous swing high is.
Alternative scenario: Price may head back down to retest the support at 6797.5, where the 50% Fibonacci line is.
Fundamentals: There are no major news.
powerfull open gap in down cac40 near fibo 161%(target) after it can zigzag and then will go down , in 2 place you must buy with sl=40 and hold min 10 day ,for comming days looking for sell
instead trade cac40 (moves very little) we advice trade FDAX1! or micro dax (comes newly to EUREX need 500$) FDXS1! why ? = dax volatilyty is high and good for scalp and day traders