US STOCKS REBOUND !

US stocks rebounded from a two day losing streak on Thursday, as the dollar retreated from a 12 year high, the Dow Jones Industrial Average was up 1.47% to 17,895.22, the S&P 500 climbed 1.3% to 2,065.95 and the Nasdaq Composite jumped 0.89% to 4,893.29. Asian markets excluding China opened positive tracking gains from Wall Street thanks .In Asia, Asian markets, Hong Kong’s Hang Seng rose by 0.15 per cent and Japan’s Nikkei was up by 1.44 per cent in early trade today .

FREE TRADING SIGNALS

SUMMARY:

The CAC 40 index is in major up trend and making higher top and higher bottom formation on hourly char. Index is upward channel and trading with positive biassed. It is likely to  show northward movement in upcoming session if it manages to sustain above lower support line.
Support has been found at around the level of lower support line at 4870 on intra day chart, which is also above the low seen on previous significant low. Index futures Closing above 5006 would certainly make for some further buying in it with a possible target around 5150 and then 5300.

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Market View :

Index	Value	Net Change
FTSE 100	6762.3	0.8
DAX 30	11845.6	12.6
CAC 40	5003.7	4.2
Dow Jones30	17887.5	21.5
S&P500	2067.5	3.5
Nasdaq 100	43.36.20	5.45
ASX200	5815	-38
Hang Seng 50	23783	28
Nikkei	19192.5	185.5

CAC40 (1 HOURLY )

CHARTS

INDICATOR : 

Indicators also supporting the same upward movement in upcoming session. As RSI is converging with upward trend sustaining above of 50 mark
Index has give closing above 50 DMA and 200 DMA on daily chart and ADX is indicating that market may pick up its bullish momentum in upcoming trading session.



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