country flagالعربية

CAC40 Daily Technical Analysis | 4 January 2018

2018-01-04 11:34 am | Resource: Technical Analysis Section | No Views : 313

In a previous report we pointed to the break of the France index CAC 40 of the lower leg of the classic symmetrical triangle pattern. During yesterday's trading, the index broke these levels and broke through the 5296 area and towards the end of yesterday trading, the indicator broke the bearish trend line on the hourly interval.

CAC40 Daily Technical Analysis | 4 January 2018

The index is trading in a bullish direction and the simple moving average 20 moves from a negative position to a position where it becomes a support area for the French index.
The rate of change 12 is trading in a bullish direction as a result of the breach of the bearish trend line during yesterday's trading.
It is expected that, if the French index breaks 5384 levels, it may target the 5450 level while in the case of a break, the level of 5348 might target the 5067 level.
Support: 5296 - 5266 - 5198
Resistance: 5384- 5450-5484
Trend: Up

Other news

Europe's main stock indexes open mixed amid Brexit poll

Europe's main stock indexes were mixed at the open on Friday as investors worried about the outcome of the Article 50 process after a new poll showed that a majority of finance directors believed Britain would leave the European Union without an agreement governing future relations. The ECB's decision to re-quantify in an attempt to stimulate the faltering euro-zone economy is likely to affect traders' decisions. Most CFOs expect Britain…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.