country flagالعربية

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

Other news

US stocks open higher on Friday as trade concerns eased

US stock markets began the last trading session of the week slightly higher after the media reported that Washington is ready to grant temporary tariff exemptions to 437 Chinese products. At the same time, another report claimed that the United States would not remove import tariffs on auto parts made in Japan as part of the expected trade agreement. In business news, Apple launched. The new iPhone 11 series worldwide.…

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.