France CAC-40 index above all Fibonacci resistance, now eyeing 5.000. Very bullish in all time frames. CAC-40 (3 months) Chart: Metatrader
France index CAC-40 above 5.000 for a new 7 year high. QE by the ECB lowers sovereign borrowing costs and devalues the Euro, lifting European shares. You can’t short this index now just because the French economy actually grows below par. CAC-40, monthly chart (since 2007): Chart courtesy of investing.com. http://investing.com Please read the Disclaimer!
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France’s CAC-40 has strong support @ 4.400 (fibo and July intermediate high). Next target on the upside is September high @ 4.500. We will follow the break of the 4.400-4.500 price range in the next days. CAC-40, daily chart: Chart courtesy of investing.com. http://investing.com RECEIVE MY TRADING REPORT, FREE OF CHARGE, TWICE A DAY, FOR […]
France’s CAC-40 index was rejected at the psychologically important 4.500 level yesterday. The market is still on a clear uptrend though, so working out the “overbought” conditions created in the last weeks is very positive. Only a break of the August high @ 4.400 (also trendline support of the move up from 4.100) would deteriorate […]
Mixed technical picture for the European equities under review. UK BULLISH: GLAXO, HSBC, VODAFONE BEARISH: – NEUTRAL: BP, RDSHELL-B, FRANCE BULLISH: BNP BEARISH: LVMH, SANOFI, TOTAL NEUTRAL: L’OREAL Please read the disclaimer!
The majority of European equities under review looked bullish as of Friday’s close. UK BULLISH: BP BEARISH: GLAXO, HSBC, RDSHELL-B, VODAFONE GERMANY BULLISH: BASF, BAYER, DAIMLER, VW-PREF BEARISH: SAP, SIEMENS SPAIN BULLISH: BBVA, IBERDROLA, REPSOL, SANTANDER, TELEFONICA BEARISH: – ITALY BULLISH: ENI, INTESA BEARISH: ENEL, GENERALI NEUTRAL: UNICREDIT FRANCE BULLISH: L’OREAL, SANOFI, TOTAL BEARISH: BNP […]
The majority of European equities under review looking bearish as of Friday’s close. UK BULLISH: BP, RDSHELL-B BEARISH: GLAXO, HSBC, VODAFONE GERMANY BULLISH: BAYER BEARISH: DAIMLER, SAP, SIEMENS, VW-PREF NEUTRAL: BASF, SPAIN BULLISH: REPSOL, TELEFONICA BEARISH: BBVA NEUTRAL: IBERDROLA, SANTANDER ITALY BULLISH: – BEARISH: ENEL, ENI, GENERALI, INTESA, UNICREDIT FRANCE BULLISH: L’OREAL, LVMH, TOTAL BEARISH: […]