FRA40 "CAC 40" NeutralJust before holidays in a neutral view.
After/during holidays might be pushed down might go up...
Personally bullish with tight SL round 4320s
Happy Holidays!
Gert
CAC 40 CFD
CAC40: Blueprints 9.After a beautiful diamond, which has triggered a bearish market for about two weeks, the French index bounced back ahead of the FOMC meeting's disclosure, where a liftoff is probably going to occur. From a historic point of view a hike in interest rates have always led to a correction. Nonetheless, the market was in a bearish movement that was close to sending it back to August's low.
Another thing can make things worse for the bulls: another bearish market on Oil, which has reached a multi year low, three sessions ago, would worsen the situation, the French benchmark being sensitive to Oil prices, since Oil & related companies represent 10% of the benchmark's weight, through Total S.A.( CHXEUR:FPP ) and Technip S.A.( CHXEUR:TECP ). Another slide in the Oil market will inflict more damage to the French benchmark, should a bearish market be the result of today's FOMC.
Oil and the benchmark are closely related. As a fall in Oil prices can render any bearish market worse for the benchmark, as well as an increase in Oil prices can help sustain any bullish movement.
Re-entering the bearish market, as a result of the FOMC meeting, will send the French benchmark south, seeking 4387.72, with 4501.44 as a primary objective.
A breakout of 4673.96, will send it seeking 4783.38, with 4727.63 as a primary objective.
The daily Pivot Point is around 4587.04. The daily support levels are around 4547.32 and 4480.2. The daily resistance levels are around 4654.12 and 4693.84.
FPP & CAC40
TECP & CAC40
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 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 4.The CAC40 is extending its losses, as it has closed in the red for the third consecutive session. The CAC40 is leaning back on its EMA20, which forms a major support zone, alongside its 4850.17 support level. It will find strong support around that area, as volatility is decreasing, and the trend is still bullish, with 4850.17 as a support level.
An opening above 4905.33 will send the benchmark seeking 5004.8, with 4936.82 as a primary objective.
An opening below 4860.73 will send the benchmark south towards 4836.56, with 4850.17 as a primary objective.
The daily Pivot Point is around 4885.06. The daily support levels are around 4864.80 and 4840.46. The daily resistance levels 4909.4 and 4929.66.
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: Taking a breath or inverting?The CAC40 is showing signs of weakness, that may be vanquished after the better than expected unemployment report, which was published yesterday. The benchmark will have 4972.7 as an objective, should it breakout 4924.24, especially if the benchmark opens with a bullish gap today.
The benchmark will head to 4850.17, should it breakout 4881.05.
The daily Pivot Point is around 4900.8. The daily support levels are around 4877.37 and 4857.61. The daily resistance levels 4920.56 and 4943.99.
CAC40: To continue the rally? The CAC40 is moving forth after a long period of consolidation, breaking out 4783.38, which will send it towards 4936.87, with 4850.17 as a primary objective. The benchmark will have 4783.38 as a support level.
Any draw downs will send it to 4753.89, with 4783.38 as a primary objective.
The daily Pivot Point is around 4763.09. The daily support levels are around 4709.19 and 4616.2. The daily resistance levels are around 4856.08 and 4909.98.
CAC40: heading to end the hesitation?The CAC40 closed in a neutral long-legged doji. It is still unable to close below 4673.96. Although, it breached it many times, but buying pressures were keeping it above that level.
The benchmark still needs to breakout 4718.88 to go back to 4744.97, which breaching will send it up to 4783.38.
Only a breakout of 4642.94 will send it south towards 4580.84, with 4619.87 as a primary objective.
The daily Pivot Point 4684.87. The daily support levels are around 4653.17 and 4611.24. The daily resistance levels are around 4726.8 and 4758.5.
CAC40: heading towards 4619.68?The CAC40 closed yesterday in the red. The pattern suggest the bearish market to continue with 4619.88 as an objective, and 4637.19 as a primary objective.
Only a breakout of the 4718.88 level, will send the benchmark back to 4744.97, which breaking out will send it to 4783.38.
The daily Pivot Point 4678.58. The daily support levels are around 4645.21 and 4616.61. The daily resistance levels are around 4707.18 and 4740.55.
CAC40: Ended the week with a neutral doji...The Cac40 closed last Friday in a neutral doji pattern, after it had opened in a bullish gap. The pattern indicates an indecisiveness, as it couldn't close the bullish gap, neither it was able to breakout the 4718.91 resistance level.
Today, the benchmark will head to 4783.3, with 4745.14 as a primary objective, should it breakout 4718.91.
A bearish gap at the opening, or a breakout of 4702.79, will send the benchmark back to 4616.72, with 4648.86 as a primary objective.
The daily Pivot Point is around 4700.64. The daily support levels are around 4682.37 and 4661.95. The daily resistance levels are around 4721.06 and 4739.33.
Cac40: a doji around its EMA20...The Cac40 is closing another session with lower lows. The benchmark closed in a doji around its EMA20. It will head south to 4514.67, should it breakout 4580.84, with 4546.75 as a primary objective.
The benchmark will rally to 4701.32, should it breakout 4660.43., with 4686 as a primary objective.
The daily Pivot Point is around 4616.85. The daily support levels are around 4573.28 and 4537.26. The daily resistance levels are around 4652.87 and 4696.44.
CAC40: Will it continue its bearish movement?The Cac40 closed in the red for the third consecutive time. Breaking out 4598.11 will send it to 4546.75, with 4587.59 as a primary objective.
Breaking out 4667.51 will send it towards 4724.72, with 4707.21 as a primary objective.
The daily Pivot Point 4636.33. The daily support levels are around 4605.15 and 4566.93. The daily resistance levels are around 4674.55 and 4705.73.
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.
CAC40: Taking a breath or taking off?Although, the CAC40 closed yesterday in the green, it still in need of a bullish gap at the opening tomorrow to fully reject the shooting star pattern, which was supposed to be validated yesterday by a bearish candle.
A bullish gap will send the benchmark up towards with 4731.65 as a primary objective.
A bearish gap, will bring back the shooting star pattern, which will send the benchmark south with 4620.14 as a primary objective.
The daily Pivot Point is around 4669. The daily support levels 4650.82 and 4625.73. The daily resistance level is around 4694.09 and 4712.27.
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: heading to 4673.96? The CAC40 rallied yesterday, after a very bullish gap at the opening.
The trend is currently bullish, falling back to a bearish market is only possible if the benchmark breaches its EMA20 and closes yesterday's bullish gap. The daily objective is 4654, which breaching will send it to 4673.96.
An eventual correction will send it back to 4518 with 4568.19 as a primary objective.
The daily Pivot Point is around 4592.25. The daily support levels are around 4552.66 and 4488.43. The daily resistance levels are around 4656.48 and 4696.07.
CAC 40: falling back below 4387.72?The CAC40 closed in the red, closing yesterday's bullish gap at the opening. The benchmark still has Wednesday's bullish gap to close. It will provide the benchmark with some support.
Cutting through 4387.72 will send the benchmark back to 4332.99, with 4367.95 as a primary objective.
Breaching 4474.27 will suggest a bullish trend with 4564.27 as an objective, and 4526.82 as a primary objective.
The daily Pivot Point is around 4454.27. The daily support levels are around 4380.38 and 4334.23. The daily resistance levels are around 4500.42 and 4574.31.
