Double top in playCAC 40 has tested the neckline and now should roll over and move back towards the 7700 level again as a double top is in play.
FRA40 trade ideas
Paris Stock Exchange Set to Open Lower Amid Political UncertaintThe Paris Stock Exchange is expected to open lower on Monday following the European elections, which have raised concerns about the political landscape in Europe. The CAC 40 futures dropped 76.5 points to 7925 points at around 8:15 am, indicating a session start in the red. Markets are reacting to the rise of nationalist parties and French President Emmanuel Macron's announcement of the dissolution of the National Assembly and early legislative elections. If the far-right National Rally party wins, Macron could lose domestic control, adding uncertainty to the market. The CAC 40 dropped 2.4% at the open, leading European market losses, while the Frankfurt DAX and pan-European Stoxx 600 also retreated. The euro has dropped to its lowest level in nearly a month due to the political developments.
#FAR40The Elliott pattern has finished an upward pulse and is completing the second Elliott pattern. The upward trend is at its end. After the final targets, we can expect a decline.
Confirming FRA40's Upside: Maintaining Above 1M PPHello Everyone,
To validate further upward potential, FRA40 must maintain its trading position above the 1-month pivot point.
TradeWithTheTrend3344
FRA40 is showing trend reversal. FRA40 chart is showing completion of butterfly pattern .
Now its forming new HH and HL so we can take instant entry by keeping previous HL as our stop loss.
RR=3.47 buy ideaBullish shark pattern + formatin of double bottom pattern with breakout of it's neckline followed by a pullback . I am expecting the price to retest 8145 level
PS never risk more than 2% of your capital per trade
Market Dynamics: Evaluating FRA40 TrendsHello Everyone,
FRA40 remains a favorable buy, though currently, sellers are entering the market as the price has been turned away by the monthly, weekly, and daily pivot points. However, the strength of the daily support structure has yet to be tested. Both potential scenarios remain viable at this juncture.
TradeWithTheTrend3344
shot 7963 and tp 7825 for the week aheadoverbought
whiel in france many protest that bkcoked the country and economy not strong but enouhg for next data will be bad
ther eno reason for up,me as french i thoug it will crsh but it folow us stock
France's 40 to find buyers at current dip?FR40EUR - Intraday
Indecisive price action has resulted in sideways congestion on the intraday chart.
Momentum is flat, highlighting the lack of clear direction.
Risk/Reward would be poor to call a buy from current levels.
A move through 8100 will confirm the bullish momentum.
The measured move target is 8150.
We look to Buy at 8025 (stop at 7975)
Our profit targets will be 8145 and 8165
Resistance: 8100 / 8125 / 8150
Support: 8050 / 8025 / 8000
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
Analysis: FRA40 Indicates Long-Term Buy OpportunityHello Everyone,
Currently, FRA40 is positioned above its 1-day pivot point, and the daily/weekly support appears to be holding up effectively. FRA40 is viewed as a long-term buy. If the present support level remains intact, we could witness immediate upward movement, with the aim of the price consolidating above the 1-month pivot point to confirm the upward trend. However, if the support level fails, there's a possibility of a retest of the 1-year support zone.
TradeWithTheTrend3344
Unveiling Strong Trends with the Adaptive Trend Finder on CAC40Hello fellow traders,
Today, I want to discuss one of my favorite tools for identifying robust short-term and long-term trends on the CAC40 using TradingView—the Adaptive Trend Finder (log). This tool employs a highly effective method based on Pearson correlation, allowing for a nuanced analysis of market trends.
Located in the middle of the chart in gray, you'll find an indicator representing the strength of the long-term trend channel. On the right side in yellow, the indicator displays the strength of the short-term trend channel. These visual cues provide valuable insights into the momentum of the market over different time horizons.
I encourage you to take a moment to examine and interpret the signals you observe on this chart. What are your thoughts on the current market direction? Feel free to share your analysis and insights in the comments below. Let's engage in a constructive discussion about the potential trading opportunities presented by these trend indicators.
Happy trading!
CAC40: Shorting The French Stock IndexHey Traders,
Amongst all other indexes, there is a strong case for the CAC40 to be short.
Coming straight up into key resistance, our pre determined short zone has allowed price to continue down.
We can now look to handle the move on the short case, turning long when and where it becomes applicable to do so.
Could it be a change of bias from bullish to Bearish???FRA30 has changed its trend from bullish to bearish on the 15 minutes time frame so I'll be expecting a bearish movement when price react to the recent fvg on the 1 hour time frame before I want anticipate a sell
CAC40 #HVF for a doubleBig Pattern = Big Moves
Long consolidations = Fast Breakouts
The #NIKKEI had a beautiful chart pattern and we are seeing the explosive up moves occur in that market.
The French stock market - along much Europe hasn't done much for over two years
But we are quickly approaching Target 1 of a large --- non conventional HVF
Is it monetary stimulus or economic growth that causes the CAC to double?
Don't know ...
One is more desirable of course.
But the same boys
cheering the US stock market screaming higher after a decade plus of stimulus. zero rates and buybacks, does it matter?
@TheCryptoSniper
FR40 to continue in the upward move?FRA40 - 24h expiry
There is no indication that the rally is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 8250 will confirm the bullish momentum.
The measured move target is 8300.
We look to Buy at 8165 (stop at 8125)
Our profit targets will be 8265 and 8300
Resistance: 8250 / 8275 / 8300
Support: 8200 / 8175 / 8150
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
FRA40 - Long idea.Looks like nice structure is forming here on the French cash index, it's a strong support zone shown to be valid because of two strong reactions last week.
FRA40 to find support at market?FRA40 - 24h expiry
There is no clear indication that the upward move is coming to an end.
Although we remain bullish overall, a correction is possible with plenty of room to move lower without impacting the trend higher.
Risk/Reward would be poor to call a buy from current levels.
A move through 8200 will confirm the bullish momentum.
The measured move target is 8275.
We look to Buy at 8150 (stop at 8110)
Our profit targets will be 8250 and 8275
Resistance: 8200 / 8250 / 8275
Support: 8175 / 8150 / 8125
Risk Disclaimer
The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.
You accept that you assume all risks in independently viewing the contents and selecting a chosen strategy.
Where the research is distributed in Singapore to a person who is not an Accredited Investor, Expert Investor or an Institutional Investor, Oanda Asia Pacific Pte Ltd (“OAP“) accepts legal responsibility for the contents of the report to such persons only to the extent required by law. Singapore customers should contact OAP at 6579 8289 for matters arising from, or in connection with, the information/research distributed.
F40 INDEXA clean uptrend move which I caught on F40. initially on the daily chart we saw an engulfing candle which closed right above the previous bear candle on Wednesday Feb 14th. This candlestick pattern emphasised that F40 was looking to continue the uptrend and potentially break 7700. This move was 360 pips in total. No indicators, just simple price action.
Bullish continuation for the CAC40The CAC 40 started today's session in the green after several rebounds on the support of 7550. This key level seems to be holding and now the French index is on a bullish momentum. My medium term objective is 7840.
CAC 40 Showing Bearish Signs Towards 7600 LevelToday, the CAC 40 index is showing signs of being bearish as it is currently trading lower than its previous closing price. This downward trend suggests that we may see a further decline towards the 7600 level in the near future.
**Disclaimer: This analysis is not financial advice and should not be taken as such. It is based solely on my own interpretation of the market data and should be used for informational purposes only.**
LONG FRA40I could make up a bunch of stuff to make you believe in my setups. The truth is my analysis doesn't matter. I could have flipped and coin and made up anything lol. Anyways, this is my trading setup. Letting the lines do all the speaking. Have a blessed day.
CAC40 may rise to 7700.00 - 7748.00Pivot
7624.00
Our preference
Long positions above 7624.00 with targets at 7700.00 & 7748.00 in extension.
Alternative scenario
Below 7624.00 look for further downside with 7600.00 & 7574.00 as targets.
Comment
The RSI is mixed and calls for caution.
Supports and resistances
7760.00
7748.00
7700.00
7681.50 Last
7624.00
7600.00
7574.00
Number of asterisks represents the strength of support and resistance levels.
