Get started

CAC 40 CFD

CAC40: downfall or rebound?The CAC40 closed yesterday in the green, after closing a very bearish gap at the opening. Volatility is increasing, as the bollinger bands are spreading up. The benchmark will continue its bearish market should it cut through 4325.56, with 4240.82 as an objective, and 4260.56 as a primary objective. The benchmark will head towards 4465, with 4425 as a primary objective, should it breach 4372.79. The daily Pivot Point is around 4333.17. The daily support levels are around 4289.13 and 4234.53. The daily resistance levels are around 4387.77 and 4431.81.
INDEX:CAC40
by ACTIV8X
One more swing low in stocks due this week or early next weekGood morning all, Waiting for one more swing low in stocks, all major indices, down to their corresponding supports. I use CAC as a reference, but other indices should move in sync. CAC40 should land in the range of 4050-4100 and then will be rejected by a major support formed since Sept 2011. Also in the area of intersection with the trendline lies the 0.618 w1..w3 target for w5, so it will make sense that we land there. Once we complete the impulse we should expect a good bounce upwards retracing 2/3 of the decline, so it will make sense to close all short positions at the low, in order to reenter significantly higher a couple of weeks later.
FX:FRA40
by AndyM
1
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.
FX:FRA40
by Pashabxl
CAC40 - At a Critical Long Term Inflection Point!!Looking at the Monthly chart of the CAC40 you can clearly see its heading into a Wall of Resistance. Fibonacci cluster, LT T-Line Resistance, Wedge Resistance and Price resistance. This is the real test for the CAC40 bulls. Clearly the bulls have the QE wind in their sails but it is PARAMOUNT that they confidently clear the Brick Wall. Tentative Elliott Wave Count on the chart suggests that this is an ideal end of wave target for a Wave C of B (Cycle degree). Definitely one to watch as the DAX (another major beneficiary of QE) is looking to be completing a Wave 5 of C count as well.
INDEX:CAC40
by Legionnaire
CAC 40 continuation pattern awaiting validation!!CAC 40 has seen some profit taking over the past couple of weeks and has formed an inverse H & S continuation pattern that is awaiting validation. A successful break and consecutive 2hr closes above 5104 could see the CAC head towards its measured target of 5277. Failure to validate the pattern and break below 5k is a bearish development that should see continued losses towards 4932 and potentially 4856. Holding a long view currently as long as 5k holds.
FX:FRA40Long
by Legionnaire
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.
FX:FRA40
by Pashabxl
CAC: Short for shortActually European economy is not at its brightest situation. If it was the case, ECB President Draghi would claim that ECB was ready to launch a european QE. With th end of US QE3, the tappering, a possible increase of interest rate by US even though THIS WILL NOT OCCUR before 1Q15 at the earliest, a possible deflation in Europe, There is nothing yet to fuel the market, and one can easily understand that since QE1+QE2+QE3 and EC's LTRO market went from 2700 to 46XX. Therefore, at least for the sake of a good economy, traders will take their benefit and wait for EC's QE. On the technical level, We are in front of a nice Double top. FIb retracement start in Sept 2012 with FEd's QE3. The best situation would be Target 1. The optimum will be very much bellow the neck line i.e bellow 4145 at around 3868. Worst case scenario is bellow 50% retracement at 36XX or 3420. At least it would be a legitimate ground for ECB to launch its European QE, but I am not sure if the market would be able to stay at 3420 and would go even bellow. If that is the case, it would be very difficult to put up pressure and steam in the market with EC's first QE. But let's see.
INDEX:CAC40Short
by Pashabxl
CAC40. Toward a formation of a double TOPAt the very moment, baring in mind of the timing, the economic outlook, CAC40 is facing a correction as forseen in my previous analysis. We are in a double top formation with the neckline at 4100 and after a pull back, we may be at around 4050-3900. Bellow that level, it would be a change of trend. But there is still cheap money in the market particularECB policy. Therefore, after the end of the double top neckline and pull back movement, we may very much go up again, not until 4600 but at least over 4400 unless ECB is launching the ABS/R-LTRO LEt's wait and see
INDEX:CAC40Short
by Pashabxl
3
CAC40: Still in the correction processAs forseen since Mid June, CAC40 is in a correction process. There is no breaking news in the market, and the summer sell-off continues. Therefore, the correction process may continue until 4100, bellow that leval and in particlar bellow 3850 it is rather a consolidation and a clear reversal of trend rather then a correction. If this happen, ECB would intervene with LTRO and ABS. But we are not there yet. The summer geopolitical activities will stop by mid September and traders should come back in the market with year end target as 4500 and over.
INDEX:CAC40Short
by Pashabxl
2
CAC: After the initial correction, a stabilisation before Phase2CAC has faced a normal correction phase until 4280. At that level, indicators show clearly that we are at an oversold level. Bare in mind that ECB may be able to announce an ABS with an amount and a timing. Therefore the second correction phase may slow down. Initialy the first correction was at around 4350 and the second one at 4180. Because we are at an oversold level, CAC may go up until 4420 or around before proceeding to the second wave of correction. To be watched carefully
INDEX:CAC40
by Pashabxl
CAC40 outside bearish week, expect continuation move next weekEuropean indexes ended the week lower first time for the last two months — something to take notice. French index CAC40 was the worst performer, broke its accelerated trend line and closed below 8 EMA. It will be healthy to see some type of consolidation after the big move up with a potential intermidiate target at 4,264 where 50 EMA is situated. But first it should break down 21 EMA. If buyers want to continue to control price they will defence the break out point of 4,500.
INDEX:CAC40Short
by andrew.berg
CAC40: ECB interest rate decision+CorrectionECB President was very clear. There is yet no sign of growth in Europe and worst, a risk of deflation. Refi interest rate has been lowered, and even on the deposit rate, ECB decided to go to a negative rate, like BoJ did in the past. One can think that money withdrawn from the saving accounts would go on the market, but the market is very week, with no growth prospect. CAC40 has been artificialy very high with no reason. QE3 is coming to an end and there is no plan to delay the tappering. On the other hand, the gentle end of FEd's QE3 and the eventual European Central Banks QE based on ABS as I have mentioned in the past can force us to think that, CAC40 will first face a 3 phase correction. Then when ECB will announce in September the readiness of the institution to launch a European QE, CAC40 will smoothly start to go up again, virtualy and artificialy with 5500 or 6000 as a headline goal. the trading plan is being made. But for the time being, the correction may be done in 3 phases. Phase 1 the objective is 4400, Phase 2, after a little pull back, the objective may very much be 4200, and phase 3 should go as low as 4000. After that level, we can consider ourself in a double bottom pattern, or a falling wedge. Double bottom at around 4000 may very much be the chart we would see at the end of the 3rd phase. But all this is to be followed...
INDEX:CAC40Short
by Pashabxl
1
CAC40: A clear correction signal toward 4450 and even furtherCAC40's was on an excessive level. Above 4506, it is a very illusive and excessive level as far as I am concerned. YOu can clearly see on my previous studies that my headline goal was 4506. I could have reviewed this level if ECB was clearly announcing a European QE which will not yet be the case. Having said that, on a purely technical aspect, the index may face a correction towards 4450 and even lower. The rising wedge pattern is very clear. And the break may come bellow 4480....
INDEX:CAC40Short
by Pashabxl
CAC40: Still Short from 4506... Nothing to fuel the upsideWe came at the very limit of what CAC40 can reach. Above 4506, there is no technical, macro economics, micro economic or market justification. Having said that, of course, at the end of the day, it is the difference of weight between buyers and sellers. So far, it appears that buyers are at majority in the market. However, if Bears pull the trigger, it's going to hit hard, painful low, and unless ECB announces an European QE which is not the case. We may think that if ECB lowers its interest rate bellow 0%; saving may fly to the market, but bellow 0% f interest rate, it means deflation, it means that economy is not catching up in the Eurozone, etc.... So anyway, at least a short for a technical correction.
INDEX:CAC40Short
by Pashabxl
CAC40, the tricky index of the WeekIt was interesting to observe CAC40 this week. Despite the move down of DAX30, DJI, SP500, NSDQ, event Eurostoxx, CAC40 try to stick upside at a range between 44500 and 4500. MACD shows that there is no momentum, no more steam to keep CAC40 that high up. But STOCH shows that there is a try to keep it up at 4500 as if this range would be a proof of a healthy French economy which by the way is not the case. Keeping in mind that there are European Parliament elections in France on May25, I may think that CAC40 is artificially high, hold that high by French banks in order to limit the effect this could have on Front Nationale. I think that after May 25, and with the outcome of the French EP elections, CAC40 would loose serious ground.... Let's see....
INDEX:CAC40Short
by Pashabxl