. Index News: CAC 40 Technical Analysis & Daily Market News

Index News: CAC 40 Technical Analysis & Daily Market News AND UPDATE

Index News: CAC 40 Technical Analysis & Daily Market News AND UPDATE

21 Dec 2022

CAC 40 Index Technical Analysis: Weekly Chart

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

In the weekly charts, CAC 40 was trading in a down channel. CAC 40 is currently trading above all SMA except MA (5).

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.

TRADE SUGGESTION- BUY AT 6496.6, TAKE PROFIT AT 6500.00 AND STOP LOSS AT 6400.00.