FR40 Bias Still Bullish | IFCM

FR40 Bias Still Bullish

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    2020/07/06
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The FR40 price forecast in our May 28, 2020 technical analysis was bullish.

  • Market developments after FR40,D1 May 28, 2020 technical analysis indicate bullish momentum still.
  1. FR40 edged up 0.4% since May 28, 2020.
  2. France announced nationwide reopening of bars, restaurants and cafes from June 2, albeit with restrictions.

Here is what indicators show as of June 1, 2020:

  • The Parabolic Indicator gives a bullish signal.
  • The Donchian Channel gives a bullish signal: it is narrowing up.
  • The MACD indicator gives a bullish signal.
  • The RSI oscillator gives a neutral signal.
  • The Fractals give a bullish signal.
  • The MA(50) Indicator gives a bullish signal.

So the forecast remains bullish for the FR40,D1.

OrderBUY
Buy stopAbove 4784.56
Stop lossBelow 4349.73

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