FR40 Bias Is Still Bullish | IFCM

FR40 Bias Is Still Bullish

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    2020/06/01
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The FR40 price forecast in our April 17, 2020 technical analysis was bullish.

Market developments after FR40,Daily April 17, 2020 technical analysis still indicate bullish bias.

  • FR40 rallied 3.4% to 4499.01 on Friday April 17, 2020.
  • French government will unveil within two weeks a plan to end lockdown measures.
  • Here is what indicators show as of April 20, 2020:

    • The Parabolic Indicator gives a bullish signal.
    • The Donchian Channel give a neutral signal: it is flat.
    • The MACD indicator gives a bullish signal.
    • The RSI oscillator gives a neutral signal.
    • The Fractals give bullish signal.
    • The MA(200) Indicator gives a bearish signal.

    So the bullish forecast still stands for the FR40,Daily.

    OrderBUY
    Buy stopAbove 4572.84
    Stop lossBelow 4106.45

    Bloomberg.

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