FORECAST BY MARIUS GHISEA- France CAC40 index (November 23-27)

According to the 8 hour chart, France CAC 40 index will fall in the medium term. It breaks out of its range at 4897 and this is a confirmation of downtrend. Also, the MACD indicates a downtrend in the medium term.

cac1

The France CAC 40 index will fall in the medium long term, according to the daily chart. The price is below EMA 15 and this indicates that France CAC 40 will go down at 4612, where is Fibo 0.61. Daily MACD lines are still negative.

cac2

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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