CAC 40: WEEKLY SCENARIO – 17 February 2022

Technical Analysis

CAC 40 Price Technical Analysis: Weekly Chart

CAC 40
  • 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.
  • The CAC 40 crucial support level is at 7,165.4  CAC 40  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: 6,980.80, TARGET:-7,130.30, STOP LOSS:- 6,955.55.

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