Cac 40 Price Technical Analysis – Capital Street FX
17 Nov 2022
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 5700.00 the resistance level is at 5900.00
CAC 40 Index 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.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 5700.00 the resistance level is at 5900.00
CAC 40 Index 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.