| Indicator | Value | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Neutral | |
| MA(200) | Sell | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
Chart Analysis
On the daily timeframe FR40: D1 is rising toward the 200-day moving average MA(200), which is declining itself. We believe the bullish momentum will continue after the price breaches above the upper boundary of Donchian channel at 4572.84. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 4106.45. After placing the order, the stop loss is to be moved every day to the next fractal low, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (4106.45) without reaching the order (4572.84), we recommend cancelling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis
Economic data from France didn’t improve in recent weeks. Will the FR40 rebound continue?