Weekly Insights and Trends Of CAC 40 Analysis – 20 March 2023
20 Mar 2023
CAC 40 Index Technical Analysis: Weekly Chart
In the weekly charts, CAC 40 is trading in an up channel. CAC 40 is currently trading above the middle line of the Bollinger band.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 6200.00 the resistance level is at 7200.00
CAC 40 Index will trade in an up channel until there is a trend reversal.
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 the middle line of the Bollinger band.
RSI is in the selling zone which indicates bearishness. MACD is currently below zero which indicates bearishness.
Its immediate support is 6700.00 the resistance level is at 7400.00
CAC 40 Index was traded in an up channel before there is a trend reversal.
How to Trade the CAC 40 Index this Week:
CAC 40 will follow the downtrend until its trend reversal. So, remain bearish on CAC 40.