country flagالعربية
0

CAC40 Daily Technical Analysis | 23 January 2018

2018-01-23 11:10 am | Resource: Technical Analysis Section | No Views : 284

At the end of last week, CAC40 broke through the 60-minute downtrend line and broke through the 5525 area, indicating the end of the period of consolidation and occasional trading.

CAC40 Daily Technical Analysis | 23 January 2018

Currently the CAC40 index is trading in a bullish direction under formation, and the SMA 20 is trading in a positive bullish cross direction with the bearish trend line.
The rate of change 12 is trading in a major and minor upside direction while the secondary direction is bearish and the index is trading above zero indicating the bull's superiority.
It is expected that, if the French index breaks 5555 levels, it might target 5484 while in the case of a breach of 5526 might target the French 5412.
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 doubts.TradingPekk.com 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.