French stocks respect moving averages

Note: This section contains information in English only.
Source: Dukascopy Bank SA


During August, the French stock index hit the combined resistance of the 6,600.00 level and the 200-day simple moving average. the Resistance was enough to cause a decline, which reached the 6,000.00 mark. The round price level acted as support and has caused a minor recovery. On September 9, the index was approaching the 50-day simple moving average near 6,250.00.

A move above the 50-day SMA might once again test the resistance of the 200-day simple moving average. Note that the SMA was approaching the 6,500.00 level. Higher above, the 6,600.00 level might stop a surge, before the pair reaches the 6,710.00/6,840.00 zone.

However, a resumption of the broader decline would have to pass below the 6,000.00 level, before the 2022 low levels are reached at 5,700.00/5,790.00.
Back to articles

Actual Topics

Mon, 19 Sep 2022 18:35:08 GMT

Japanese stocks find support in 27,500.00

In general, the Japanese stocks appear to have continued to recover throughout Summer. However, note that they are traded against the Japanese Yen, which has experienced a major decline. In September, the stocks were finding support in the 27,260.00/27,450.00 zone. Meanwhile, resistance was provided by the 28,650.00/28,680.00 zone. In the case of a decline below 27,260.00/27,450.00 the index might find

Fri, 09 Sep 2022 12:59:47 GMT

Coffee faces resistance near 240.00

Trading demand for coffee has served as a reason for this review of the commodity price. In general, the price has been declining though 2022. It has been finding support in a descending trend line. Meanwhile, since April, the price has been kept down by a resistance zone at 237.60/243.40. In the meantime, the 50 and 200-day simple moving

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.