CAC 40 Index News, Price Chart, And Technical Analysis

CAC 40 Index News, Price Chart, And Technical Analysis

cac 40 news

CAC 40 Index Technical Analysis: Weekly Chart

In the weekly charts, CAC 40 is trading in a down channel. CAC 40 is currently trading below all SMA.

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 5500.00 the resistance level is at 5890.00

CAC 40 will trade in a down channel until there is a trend reversal.

CAC 40 Index Technical Analysis: Daily Chart

In the daily charts, CAC 40 is trading in a down channel. CAC 40 is currently trading below all SMA except MA (5).

RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.

Its immediate support is 5550.00 the resistance level is at 5840.00

CAC 40 will trade in a down channel until there is a trend reversal.

How to Trade CAC 40 Index this Week:

CAC 40 will follow the downtrend until its trend reversal. So, remain bearish on CAC 40.

TRADE SUGGESTION- SELL AT 5737.50, TAKE PROFIT AT 5550.00 AND STOP LOSS AT 5840.00.

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