CAC40 Two Set Ups For A 7550 TestIn this update we review the recent price action in the CAC40 and identify the next high probability trading opportunities and prices objectives to target
FRA40 trade ideas
CAC40 - Trend-following buy stopsOur Manual Systematic Program opened trend-following buy stop positions at CAC40 futures.
1st buy stop: 7340.00
1st guaranteed trailing stop: 0.3 of portfolio
Take profit: Guaranteed trailing stop
CAC 40 still looking bon to 7,943Cup and Handle is still in play with CAC40,
7>21>200 -Bullish - Green background
RSI>50
Bullish bias
Target 7,943
Fundamentals:
Seems like the smaller exchanges are following the SPX, Nasdaq and even top companies now.
There is bullishness in the air all around. I will be taking advantage as much as I can until the trend changes
France CAC - what it will be? If you ask yourself where is France Index CAC going – I think it is obvious – It will move up and down to the sky.
It needs time like DAX but the direction is only one – but remember that RSI is very low and weak. The same with MACD below 0.
But I suppose that they will want to make new highs –
Like DAX waiting for march 2023 r. what will bring new month and new candle on the W channel.
France 40 to find support at current price?FRA40 - Intraday - We look to Buy at 7100 (stop at 7035)
Previous support located at 7150.
Previous resistance located at 7200.
There is no clear indication that the upward move is coming to an end.
Short term RSI has turned positive. Risk/Reward would be poor to call a buy from current levels.
A move through 7200 will confirm the bullish momentum.
Our profit targets will be 7250 and 7300
Resistance: 7200 / 7250 / 7300
Support: 7150 / 7100 / 7050
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.
New ATH is imminent. 8000 is possible, 7700 is very realistic.A ~10% uptick is still due in all major indices. Similar structures in SPX, NASDAQ, RTSI.
In the FX world, EURUSD at 1.12...1.14 is back on the table, and this range will be hit at the same time as stocks reach their cycle high.
The funny thing is -- USDJPY is also ripe for a correction to ~136..137, which means that a new (and final) multi-year high in EURJPY is also very likely at ~151...152. It will be really cool to see it get there.
Expect big bullish moves the coming week.
CAC40 shortWe are taking a short position on CAC40 index, because of multiple confluence. It's a long trade, be sure to take partials and secure profits.
Selling FR40 at current resistance.FRA40 - Intraday - We look to Sell at 6500 (stop at 6585)
Previous support located at 6350.
Previous resistance located at 6450.
There is no clear indication that the downward move is coming to an end.
Risk/Reward would be poor to call a sell from current levels.
A move through 6350 will confirm the bearish momentum.
Our profit targets will be 6320 and 6280
Resistance: 6450 / 6500 / 6600
Support: 6350 / 6300 / 6250
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.
CAC 40 HELLO GUYS THIS MY IDEA 💡ABOUT CAC40 nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the sellers from this area will be defend this SHORT position..
and when the price come back to this area, strong sellers will be push down the market again..
DOWNTREND + SUPPORT from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like and follow Thanks
FR40 EUR Going ShortGoing short on FR40 as it has broken the trend line support and a trend reversal could be seen so a bearish reversal is expected of LL and LH, therefore, going Short.
Developing FRA40 pattern...?The bullish channel got violated after the peak at price 6797.7, this is now a change of structure. Looking for market to hit price 6627.1 which is our previous daily high then take a slight upward move to complete head-and-shoulders pattern… From the emerging formation then we can smoothly continue to go bearish until the neckline at 6420.0…
FR40 FR40 trend line
Long position expected.
fibonaci indicator shows targets.
trend line
Long position expected.
fibonaci indicator shows targets.
FRA40 Sell breakdown Hi there,
CAC40 is breakding down.
Watch for breakdown and look for sell.
Good Luck
CAC40 take profit by Cosmic GravityPredicting that the French market index will continue to rise based on 5 bullish vs 1 bearish Cosmic Gravity signals over 2 timeframes. Both timeframe take profits set at "R6 line".
Secure your CAC40 long position Attention at 6601.15 level and around on CAC40. I think that price can full down to 5962.26 level.
We are usually in bull market on CAC40, i think. Market is the king. This is my opinion.
FR40 Bearish Looking at overall price sction, we failing to make new highs and we have missing price action below.
Overall Bias sell
FRA40: Sticking with the trendFRA40
Intraday - We look to Buy at 6300 (stop at 6230)
Trend line support is located at 6300. Previous resistance located at 6400. Further upside is expected although we prefer to set longs at our bespoke support levels at 6300, resulting in improved risk/reward. A move through 6400 will confirm the bullish momentum.
Our profit targets will be 6475 and 6500
Resistance: 6400 / 6475 / 6500
Support: 6300 / 6250 / 6230
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CAC40 NEW IDEA SHORT HELLO GUYS THIS MY IDEA 💡ABOUT CAC40 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the Seller from this area will be defend this SHORT position..
and when the price come back to this area, strong SELLER will be push down the market again..
DOWNTREND + Support from the past + Strong volume area is my mainly reason for this short trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
CAC 40 HELLO GUYS THIS MY IDEA 💡ABOUT CAC40 is nice to see strong volume area....
Where is lot of contract accumulated..
I thing that the buyers from this area will be defend this LONG position..
and when the price come back to this area, strong buyers will be push up the market again..
UP TREND + Resistance from the past + Strong volume area is my mainly reason for this long trade..
IF you like my work please like share and follow thanks
TURTLE TRADER 🐢
CAC looking bullish again to 6,539Ascending triangle formed on Daily CAC index.
The price has broken out of its downtrend since Aug 2022 showing it's in a bull market.
Also price has broken above the Ascending Triangle with a target of 6,539
CONCERNS:
Price is still below the 200MA which denotes a long term bear market.
Nevertheless, I'm bullish.
Regards
MATI Trader
fr40 short nowThis market is witnessing an unusual movement and the possibility of a decline is very high
My advice is to sell
FR40 long nowCURRENCYCOM:FR40
FR40 is long now no rati pas !!!
The CAC 40 Index fell over 1% to a fresh 19-month low of 5,664 on Wednesday, extending losses for the fourth straight session, plagued by the specter of recession, soaring inflation and global monetary tightening, as well as renewed tension between Russia and Western countries. At the same time, the energy crisis in Europe intensified after rumors of sabotage against the Nord Stream gas pipelines. Almost all sectors were trading deeply in the red, with both ArcelorMittal and STMicroelectronics losing over 5%. Also, the heavyweight financial sector and real estate companies were among the worst performers.
