CAC 40 Index

TVC

CAC40

Price action just cant quite get back into that really beautiful channel the CAC40 was running in the past three months. I expect once price action hits resistance that we'll see a bit of a pullback.

While the CAC40 gave traders an almost perfect technical upward channel for January February and most of March, that channel was broken last week only to be somewhat regained over the past few sessions. It still does not know however if that channel support line is now resistance or still support. Moving averages all signal upward momentum while bull bear...

This is such an interesting technical channel that we saw stemming back from December 2018. While, it failed to continue and broke through, it seems like now price action wants to use that former lower section of the channel that was support as resistance. However, this one is not as perfect as the channel that had formed as price action is creeping back into the...

After breaking through the lower side of the rising channel last week, the index traveled south, but found good support near the 5265 hurdle, from which CAC40 rebounded. But what the index is drawing right now looks like a potential head-and-shoulders formation. That said, before the index actually travels back to its possible neckline, near the 5265 level, we...

.Channel broken

My call on CAC40 is changed from long to neutral now that global markets are increasing their fear on a global slowdown. This is evident in markets around the world as Asian markets plunged today as did European. US is set to be down as well. Overall, the channel break is incredibly disheartening for those expecting higher gains as it was a huge move down (3...

Trade Alert The index is at a critical point once again. Will it break the lower bound of the rising channel, or will it get contained within the boundaries of that channel. We will remain cautious for now and wait to see where the weekly candle will close. If it's outside, then this might clear the path towards much lower areas. Please see the potential...

Based on a convergence of factors including those in the chart I am selling CAC 40 today. Expecting this trade to last all day. Might take till tomorrow.

Expect a bit of a pullback at first as RSI and Stochastic are indicating overbought. However, overall macro trends are solid, global growth may be picking up, and in sum you'll probably make some money on this.

Buy now and enjoy your profits at 5500.

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Trade Alert The index is still within a rising channel formation, but CAC40 is currently testing its key support at around 5265 level. A drop below it may invite more sellers into the game and we may see the price sliding lower. This is when we will aim for a possible re-test of the lower bound of the rising channel. But we will consider this idea ONLY if we see...

The trend of the CAC 40 in recent years is an uptrend. in October 2011 the Cac has undergone a technical correction of 1200 points and then very quickly he returned to his upward trend, in October 2015 after a long rise the Cac has made technical correction of 1000 points pretty much like the first time and quickly took it back bullish trend, in October 2017 the...

CAC short. Risky

Trade Alert CAC40 is ver close to key support area at around 5200. In order to examine lower areas in the short run, we would like to see a break below the 5200 before we get comfortable with the downside. That said, don't forget that the index is still within a rising channel formation, seen on a bigger picture, hence why the potential downside move could be...

still waiting for confirmation

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CAC40 is approaching our first resistance at 5184.1 (horizontal swing high resistance, 61.8% Fibonacci retracement , 100% Fibonacci extension ) where a strong drop might occur below this level pushing price down to our major support at 4950(38.2% Fibonacci retracement , Horizontal overlap support, 61.8% Fibonacci extension ) Stochastic (89,5,3) is also...