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FR40 Bias Still Bullish
The FR40 price forecast in our May 28, 2020 technical analysis was bullish.
- Market developments after FR40,D1 May 28, 2020 technical analysis indicate bullish momentum still.
- FR40 edged up 0.4% since May 28, 2020.
- France announced nationwide reopening of bars, restaurants and cafes from June 2, albeit with restrictions.
Here is what indicators show as of June 1, 2020:
- The Parabolic Indicator gives a bullish signal.
- The Donchian Channel gives a bullish signal: it is narrowing up.
- The MACD indicator gives a bullish signal.
- The RSI oscillator gives a neutral signal.
- The Fractals give a bullish signal.
- The MA(50) Indicator gives a bullish signal.
So the forecast remains bullish for the FR40,D1.
Order | BUY |
Buy stop | Above 4784.56 |
Stop loss | Below 4349.73 |
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