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The CAC 40 is trading up .23% this morning, as the Index looks poised to consolidate for the ninth consecutive day. For the session, LafarageHocim is leading the Index trading up 2.41%. Conversely, Unibal has the biggest decline for Wednesday trading down -1.82%. Technical traders should note that the CAC 40 is still trading inside of the high (4,582.50) and low (4,302.00) established on March 10. As prices continue to consolidate, traders can take advantage of sideways price action by looking for range trading opportunities.
Currently, the CAC 40 is trading just below today’s R3 Camarilla Pivot, which is found at a price of 4,453.78. If price action remains range bound, the Index may be poised to return towards values of support, which includes the S3 pivot point displayed below. The S3 pivot is found at a price of 4,405.22, and marks today’s value of range support. Alternatively, in the event that prices breakout from the pivot range, traders should continue to monitor the R4 and S4 pivot points. Bullish breakouts may begin today above the R4 pivot at a price of 4,478.07. Bearish breakouts begin beneath S4 at a price of 4,380.93. In either breakout scenario, trend traders will look for prices to then challenge the daily values of support and resistance mentioned previously. A move through either of these values would symbolize an important change in market conditions, allowing traders to position themselves with the markets chosen direction.
CAC 40 30 Minute Chart with Camarilla Pivots
(Created using Marketscope 2.0 Charts)
SSI (speculative sentiment index) for the CAC 40 (Ticker: FRA40) is currently reading at +1.82. It should be noted here that this value has steadily increased from the last Thursdays reported total of +1.59. When taken as a contrarian signal, this increase in long positioning may suggest future declines in price for the CAC 40. Alternatively, traders watching for a bullish advance in price should continue to watch sentiment numbers to see if SSI levels off to a more neutral value.
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Do you know the biggest mistake traders make? More importantly, do you know how to overcome the biggest mistake? Read page 8 of the Traits of Successful Traders Guide to find out [free registration required].
Interested in Learning the Traits of a Successful Trader? Click HERE
The CAC 40 is trading up .23% this morning, as the Index looks poised to consolidate for the ninth consecutive day. For the session, LafarageHocim is leading the Index trading up 2.41%. Conversely, Unibal has the biggest decline for Wednesday trading down -1.82%. Technical traders should note that the CAC 40 is still trading inside of the high (4,582.50) and low (4,302.00) established on March 10. As prices continue to consolidate, traders can take advantage of sideways price action by looking for range trading opportunities.
Currently, the CAC 40 is trading just below today’s R3 Camarilla Pivot, which is found at a price of 4,453.78. If price action remains range bound, the Index may be poised to return towards values of support, which includes the S3 pivot point displayed below. The S3 pivot is found at a price of 4,405.22, and marks today’s value of range support. Alternatively, in the event that prices breakout from the pivot range, traders should continue to monitor the R4 and S4 pivot points. Bullish breakouts may begin today above the R4 pivot at a price of 4,478.07. Bearish breakouts begin beneath S4 at a price of 4,380.93. In either breakout scenario, trend traders will look for prices to then challenge the daily values of support and resistance mentioned previously. A move through either of these values would symbolize an important change in market conditions, allowing traders to position themselves with the markets chosen direction.
CAC 40 30 Minute Chart with Camarilla Pivots
(Created using Marketscope 2.0 Charts)
SSI (speculative sentiment index) for the CAC 40 (Ticker: FRA40) is currently reading at +1.82. It should be noted here that this value has steadily increased from the last Thursdays reported total of +1.59. When taken as a contrarian signal, this increase in long positioning may suggest future declines in price for the CAC 40. Alternatively, traders watching for a bullish advance in price should continue to watch sentiment numbers to see if SSI levels off to a more neutral value.
To Receive Walkers’ analysis directly via email, please SIGN UP HERE
See Walker’s most recent articles at his Bio Page.
Do you know the biggest mistake traders make? More importantly, do you know how to overcome the biggest mistake? Read page 8 of the Traits of Successful Traders Guide to find out [free registration required].
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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