CAC 40 Index Technical Analysis: Weekly Chart
In the weekly charts, CAC 40 was trading in a down channel. CAC 40 is currently trading above all SMA except MA (5).
RSI is in the neutral zone which indicates neutralness. MACD is currently above zero which indicates bullishness.
Its immediate support is 6300.00 the resistance level is at 6500.00
CAC 40 was traded in a down channel before there is an upside breakout.
CAC 40 Index Technical Analysis: Daily Chart
In the daily charts, CAC 40 was trading in an up channel. CAC 40 is currently trading below all SMA except MA (50).
RSI is in the buying zone which indicates bullishness. MACD is currently above zero which indicates bullishness.
Its immediate support is 6300.00 the resistance level is at 6500.00
CAC 40 was traded in an up channel before there is an upside breakout.
How to Trade CAC 40 Index this Week:
CAC 40 will follow the uptrend until its trend reversal. So, remain bullish on CAC 40.
