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CAC40 Daily Technical Analysis | 7 February 2018

2018-02-07 08:26 am | Resource: Technical Analysis Section | No Views : 318

CAC40 broke during the opening of the current week 5266, which weakened the index more valley to the downside towards the target 5049 and then the France index began to bounce around 5266 and broke through yesterday, but without confirmation.

CAC40 Daily Technical Analysis | 7 February 2018

The France index is trading in a minor ascending direction on the 60-minute time frame, and the SMA 20 is neutral.
The rate of change 12 broke through the bearish trend line during the trading yesterday and continued to rise the index until approaching the areas of saturation.
It is expected that, if the French index breaks 5229 levels, it might target the level of 5379 while in case, a breach of 5129 level might target CAC 5085.
Support: 5198 - 5085 - 5000
Resistance: 5266-5404 - 5450
Trend: Up


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