CAC 40: WEEKLY SCENARIO

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.
  • The CAC 40 crucial support level is at 6658.30 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: 6950.20, TARGET:-7000.20, STOP LOSS:- 6925.20.

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