CAC 40: WEEKLY SCENARIO – 09 February 2022

Technical Analysis

CAC 40  Price Technical Analysis: Weekly Chart

CAC 40 Price Technical Analysis
  • In the weekly charts , CAC 40 is trading in an upward channel.
  • CAC 40 is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
  • CAC 40 will follow an uptrend in the coming weeks.
  • TheCAC 40 crucial support level is at 6731.4 which is near 20 days SMA as of now. There are no signs of a bearish trend.
  • Bulls have their tight grip on CAC 40 .

TRADE SIGNAL- CAC 40– Buy: 7,120.80, TARGET:-7,220.30, STOP LOSS:- 7,080.55.

About Author

Related posts

Leave a Reply