CAC 40 WEEKLY SCENARIO – 01 March 2022

CAC 40 WEEKLY SCENARIO

CAC 40 Price Technical Analysis: Weekly Chart

CAC 40 WEEKLY SCENARIO
  • In the weekly charts, CAC 40 is trading in a downward 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 a downward trend in the coming weeks.
  • The CAC 40 crucial support level is at 6794.5  DAX 40  which is near 20 days SMA as of now. There are no signs of a Bullish trend.
  • Bears have their tight grip on CAC 40.

TRADE SIGNAL- CAC 40– SELL: 6,490.80, TARGET:-6,390.30, STOP LOSS:- 6,540.55.

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