CAC 40 CFD
Please Mind the CACOn the 24th April the CAC 40 made a huge gap up, from 5050 to 5260. An incredible 4%. In fact it is the largest gap we can see historically as far back as 2008.
Gaps, as trades know, 'always' get filled. Statistically its more like 90% of the time.
Whether bullish or bearish on the European reflation story, this trade is the same.. French stocks are likely to pull back to close this gap, before either continuing on their rally, or otherwise.
Trade execution:
A conservative way to play this would be see the actual gap as being highest high previously, which is actually 5140 (blue line). A more aggressive short target would be the 5050 from where it jumped.
Just an idea -- actually a small gamble -- Le Pen wins.I am going to bet that Le Pen wins the election. I believe that the Macron victory is already in the price, after first round of elections. Now he is approx. 20% lead vs Le Pen. So if Le Pen wins there would be a much bigger surprise. I will open a small position.
The risk ratio is between 2-3, so this is comparable to every trade I make.
CAC 40 Index: Get long now while stocks lastCac 40 Index: Broken out and heading for 5790-5860 range, with 400 to 500 points upside still left in it in near term. Get long before the weekend and ride the rally, or sell into strength come Monday
DAX "GER30" SHORTLongterm Short after opening gap for DAX "Ger30" same scenario with CAC "CAC40"
Remember to follow French Presidential Elections
Events at North Korea
etc..
Take Profit at Previous Swing LOWs appx 9400s
SL- With relatively safe trades .... who needs SL when at worst scenario you can hedge :p
CAC40 - Has the rally just begun?The resistance offered by the falling trend line drawn from Sept 2000 high and June 2007 high was breached last month.
This month's candle shows a sharp rebound from the sub-trend line support level followed by a rise to 5295.5 (highest level since Jan 2008 high).
The chart also shows a nice rebound from the rising trend line in mid 2016.
Overall, the technical picture says the rally may have just begun... the monthly RSI is rising and is yet to overbought territory.
Testing weekly harmonic pattern - Is it heading to 6000? Even before yesterday's results, the French CAC40 provided a bullish long term signal when it broke above a monthly downtrend line.
The CAC40 is testing the X point of a bearish Bat pattern (similar to what we see in German DAX) and if it'll break and close above it, it can continue all the way up to 6000 to test a bigger PRZ.
CAC40 Post French ElectionsCAC 40 went to its highest high since almost 2 years. Could that be potentially the top???
This is what you need to know before the elections results EURUSD is trading inside a yearly trading range.
There's a daily uptrend line that EURUSD is currently still above.. and from above it has a daily downtrend line and the middle of the range - 1.1 (Resistance Zone).
In case of a bullish move, focus on 1.1.
A breakout above this price zone could send EURUSD towards 1.14-1.115 again to re-test the top of the range
In case of a bearish move, a breakdown of the 1.04 support zone can lead EURUSD towards parity and even lower.
As long as it stays inside the range, you can try and trade the range
DAX and other European indices (Points and Figures): Fake out?So "they" want everyone to turn bullish (whether artificially or not) or be stopped out. The weak buyers are being washed away, shorts must be covered or the shorters will burn their feet if that's not already the case. Retail investors are still very bearish overall, but what is observed in Europe and in the official financial news show that money is flocking to European equities, among other things (even real estate is "booming" again). Indices are compelled to go higher, but the exhaustion seems to be nearing. Summer could be very frustrating. Volume seems to be impressive, but for such small moves (green XXX) at the time I am writing this post, this appears to be not. Volume is accumulating, we see final explosive moves, this could signal the beginning of the end of a bull market. But it will still grind up. It's better to buy pullbacks with tight stop loss orders, or wait until it goes way up if people want to short. However, we don't know yet when this will truly end. I would expect spikes and fake out. Reversal days could be extremely tricky.
CAC 40 - Pivotal pointBy closing at 5069.04, the CAC reached its long term down trend and is now at a pivotal point.
Using weekly prices, the recent uptrend looks still solid with no sign of regression with any relevant indicators.
However, using daily prices, 2 keys indicators, momentum and RSI show a regression synonym of short term weakness which could prevent the index to go through and keep it in the current long term downtrend initiated in Sept 2000 and June 2007.
In case of breakout, the CAC the first resistance stands at 5283.
On the other hand, a return back to 4929 then 4733 will be on the cards. Anything below the latter would annihilate the current uptrend
CAC 40 - end of down phaseAfter seeing a sustained down-trend, the indicator line has left the sell zone on February 1st, 2017.
We are now waiting for either a new sell signal or a turn-around, toward the upside.
Confirmation will be upon entry into either the sell zone or the buy zone.
Bearish harmonic pattern on French CAC40Same pattern appeared on november 2015, resulting a 1100 points drop
CAC 40 consolidates following December breakFollowing the impulsion at the beginning of december, the index is now consolidating its recent uptrend.
Since beginning of December, after exiting a 4 month old canal, the impulsion led the index to multiple new highs.
However, if the price kept going higher, the current uptrend is weakened by a divergence since mid december and visible on three main indicators (RSI, Momentum and MACD). It is very much a short term worry though as this doesn't appear on the weekly data of the index.
- On a short term point of view, holders can keep their long position although others would wait for a more affordable price.
- Mid to long term investors would use the same pivot prices to enter the market or not. For those already long, there is no clear indication to close a long position now and even less to open a short one.
- The divergence would be totalled by a break above the recent high at 4929.6. That would be a significant buy signal.
- On the contrary, a break below the support at 4822.29 would generate a short term sell signal.
CACHello My friends!
French index CAC
Just Little fundamental analis:)
Oland dont meet with Putin.
France dont make money on Mistral deal and Poland asked Ollande "not hysteria" because of the failure to buy
helicopters from France.
Just disappointment.
But in technical analysis need go up until lvel 78.6 and after fall
I think market will start fall in December - January.
Perfect bearish Gartley on french CAC40If prices start to drop from 4780 level, a (perfect) bearish Gartley harmonic pattern can be validated.
A long term resistance would be validated too, and a medium term resistance (the fork).
First, prices could drop to the 4600 horizontal support, then rebound, and retest the resistance, before falling sharply to a long term support (2010-2016).
Ultimate target is 3500-3600
Trump rally is at later stageFríday, monday could go higher. Throw over should happen to 19200-300 zone, and then a dramatic fall back would be an idealic sign for short.
Dow must not exceeds 19500! for the bearish outlook!!!
Target is on the chart, but we could have much more courageous target also!
