FR40 Bias Is Still Bullish

The FR40 price forecast in our April 17, 2020 technical analysis was bullish.

Market developments after FR40,Daily April 17, 2020 technical analysis still indicate bullish bias.

• FR40 rallied 3.4% to 4499.01 on Friday April 17, 2020.
• French government will unveil within two weeks a plan to end lockdown measures.

Here is what indicators show as of April 20, 2020:

• The Parabolic Indicator gives a bullish signal.
• The Donchian Channel give a neutral signal: it is flat.
• The MACD indicator gives a bullish signal.
• The RSI oscillator gives a neutral signal.
• The Fractals give bullish signal.
• The MA(200) Indicator gives a bearish signal.

So the bullish forecast still stands for the FR40,Daily.

Bloomberg.