CAC 40 January-March 2017 Forecast: bullish with key resistance at 4924.69
W1 price is located above Ichimoku cloud in the bullish area of the chart. The price broke 4860.85 resistance level to above on close weekly bar with 4924.69 as a nearest bullish target to re-enter. Thus, the weekly price is located within the following key support/resistance levels:
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Sergey Golubev, 2016.12.24 17:12
CAC 40 Q1 2017 Fundamental Forecast: Bearish (based on the article)
Sergey Golubev, 2017.01.04 18:13
CAC 40 Stalls Under Previous High (based on the article)
Sergey Golubev, 2017.01.06 18:31
CAC 40 - daily ranging within narrow 4,929/4,860 levels (based on the article)
Sergey Golubev, 2017.01.18 15:05
Intra-Day Fundamentals - EUR/USD, GBP/USD and CAC 40: U.S. Consumer Price Index
2017-01-18 13:30 GMT | [USD - CPI]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - CPI] = Change in the price of goods and services purchased by consumers.
From official report:
"The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3 percent in December on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 2.1 percent before seasonal adjustment."
EUR/USD M5: 18 pips range price movement by U.S. Consumer Price Index news events
GBP/USD M5: 24 pips range price movement by U.S. Consumer Price Index news events
CAC 40 Index, M5: range price movement by U.S. Consumer Price Index news events
Sergey Golubev, 2017.01.26 20:23
CAC 40: intra-day breakdown with the bearish reversal; daily ranging bullish; fumdanetal news are the key (based on the article)
H4 price was bounced from 4,901 resistance level to below for the good trading breakdown: the price broke Ichimoku cloud together with Senkou Span lines to below for the reversal to the primary bearish market condition. Symmetric triangle pattern was formed by the price to be crossed to the direction of the trend to be started, and Chinkou Span line is indicating the ranging condition to be resumed in the near future for example.
D1 price is located above Ichimoku cloud in the bullish area of the chart with the ranging within the following support/resistance levels:
The most likely scenario for the daily price movement in January and in the first half of February this year is the following: the price will be on bullish ranging within 5,000/4,700 levels waiting for the direction of the big trend movement with good volatility for example.
Sergey Golubev, 2017.03.03 10:17
CAC 40 - bullish breakout with 4,972 level to be tested (based on the article)
Daily share price is above Ichimoku cloud in the bullish area of the chart: the price broke 4,923.90 level to above for the good breakout possibility with 4,972.88 resistance level to be broken for the bullish breakout to be continuing.
Sergey Golubev, 2017.03.25 12:43
CAC 40 - "The CAC has a similar rising wedge as the DAX, but with the apex arriving at a very interesting spot – the trend-line running down from the 2000 record high (crosses over peaks in 2007 & 2015). If both the DAX and CAC negate the bearish rising wedge, then the CAC will be trading above long-term trend resistance. Given the trend-lines duration it would be best to wait for a strong weekly close above before calling it a valid breakout. But if it does, then we could see much higher prices. For now, though, we will treat it as a major barrier."
Sergey Golubev, 2017.04.01 11:48
Weekly Outlook: 2017,April 02 - April 09 (based on the article)
Currencies traded in a mixed manner in the last week of Q1. A rate decision in Australia, the FOMC meeting minutes a full build-up to the all-important Non-Farm Payrolls stand out. These are the top events on forex calendar.
Sergey Golubev, 2017.04.10 19:38
CAC 40 - daily bullish with 5,132 resistance level to be testing (based on the article)
Daily price is located above Ichimoku cloud in the bullish area of the chart. The bullish trend is going to be continuing with ascending triangle pattern together with 5,132 level to be broken, otherwise - bullsh ranging within the levels.
Sergey Golubev, 2017.04.18 16:34
CAC 40 and French Election (based on the article)
Daily price is above ichimoku cloud in the bullish area of the chart: the price is on secondary correction to be started on the open daily bar for now with 4,953 bearish reversal support level.