country flagالعربية

CAC40 Daily Technical Analysis | 8 January 2018

2018-01-08 11:56 am | Resource: Technical Analysis Section | No Views : 311

We mentioned earlier that CAC40 broke through the 60-minute downtrend line during last week's trading. Last Thursday, the index crossed the upper border of the symmetrical triangle, which led to the continuation of the France index so far.

CAC40 Daily Technical Analysis | 8 January 2018

The index is trading in a bullish trend in the configuration and the SMA 20 is trading in a bullish direction and constitutes a support area for the pair.
Rate of change 12 Break the trend line during the last Friday trading and currently the index is trading in a downward trend in the configuration.
It is expected that, if the French index is still above the upper limit of the symmetrical triangle, it may target the 5580 level while in the case of a break, the 5445 level might target the 5410 level.
Support: 5450 - 5384 - 5296
Resistance: 5484 - 5580 - 5646
Trend: Up

Other news

Wall Street shares markets open lower after Saudi Aramco attack

Shares on Wall Street began the first trading session of the week low after an attack on two facilities of Saudi Aramco, cutting the oil giant's production in half. The United States accuses Iran of being behind the attack, while Tehran has denied the allegations. It is reported that the incident will delay the initial public offering of Aramco. At the same time, more than 49,000 GM workers began a…

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.