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Indices Europe

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.
INDEX:CAC40
by ACTIV8X
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.
INDEX:CAC40
by ACTIV8X
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.
INDEX:CAC40
by ACTIV8X
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.
INDEX:CAC40
by ACTIV8X
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.
INDEX:CAC40
by ACTIV8X
Cac40: A small candle around 4501...The Cac40 opened with a very bullish trend, which has sent it back a few step away from 4501.44. If the Cac40 breaches 4472.84, the trend will be bullish with 4517.33 as an objective, and 4501 as a primary objective. The benchmark will go back to a bearish market with 4352.06 as an objective, and 4387.72 as a primary objective. The daily Pivot Point is around 4447.69. The daily support levels are around 4420.67 and 4386.05. The daily resistance levels are around 4482.31 and 4509.33.
INDEX:CAC40
by ACTIV8X
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