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CAC40 Daily Technical Analysis | 31 January 2018

2018-01-31 08:51 am | Resource: Technical Analysis Section | No Views : 323

During yesterday's trading, CAC40 broke the minor bullish trend line as a result of the sellers' pressure on the France index. However, our neutral view is currently trading on the index due to lack of confirmation of breaking the trend line.

CAC40 Daily Technical Analysis | 31 January 2018

The SMA 20 is positively intersecting with the breached downward trend line supporting bulls.
Rate of Change 12 The trend line broke over the hourly interval during yesterday's trading and is currently trading in a bearish trend in the configuration.
It is expected that, if the French index breaks 5462 levels, it might target the level of 5346 while in the case of a breach, the level of 5518 might target the French 5580.
Support: 5450 - 5384 - 5296
Resistance: 5484 - 5580 - 5646
Trend: neutral


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