CAC 40 Index Technical Analysis Forecast – 18 October 2022
18 Oct 2022
CAC 40 Index Technical Analysis: Weekly Chart
In the weekly charts, CAC 40 was trading in a down channel. CAC 40 is currently trading below all SMA except MA (5).
RSI is in the neutral zone which indicates neutralness. MACD is currently below zero which indicates bearishness.
Its immediate support is 6000.00 the resistance level is at 6200.00
CAC 40 was traded in a down channel before there is an upside breakout.
CAC 40 Index Technical Analysis: Daily Chart
In the daily charts, CAC 40 was trading in a down channel. CAC 40 is currently trading above all SMA except MA (50).
RSI is in the buying zone which indicates bullishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 6000.00 the resistance level is at 6200.00
CAC 40 was traded in a down channel before there is an upside breakout.
How to Trade CAC 40 Index this Week:
CAC 40 will follow the uptrend until its trend reversal. So, remain bullish on CAC 40.