. CAC 40 Technical Analysis - 12 September 2022

CAC 40 Technical Analysis – 12 September 2022

12 Sep 2022

CAC 40 Technical Analysis: Weekly Chart

CAC 40 Technical Analysis

In the weekly charts, CAC 40 is trading in a down channel. CAC 40 is currently trading below all SMA except MA (20).

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 6350.00

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

CAC 40 Technical Analysis: Daily Chart

CAC 40 Technical Analysis

In the daily charts, the 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 6200.00 the resistance level is at 6280.00

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

How to Trade CAC 40 this Week:

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

TRADE SUGGESTION- SELL AT 6250.50, TAKE PROFIT AT 6190.00 AND STOP LOSS AT 6300.00