CAC 40 Technical Analysis: Weekly Chart
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
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
