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CAC 40 CFD

CAC-40 jumps to 12-week high, bias higherEuropean bank stocks cheered the prospect of higher Fed interest rates which should help their profits thereby pulling general indices higher. Frances CAC-40 index jumped to a 12-week high of 5294, bias higher. Better-than-expected economic data which included flash Euro-zone PMI prints for September also lent support. Technical studies support further gains. We see bullish divergence. The index has shown channel breakout and has breached 100-DMA resistance. Price action now hovering around 61.8% Fibos at 5293, next bull target 5323 ahead of 5339 and then 5374. Go long on break above 5293, SL: 5259, TP: 5323/ 5339/ 5374
FX:FRA40Long
by FxWirePro
Please Mind the CACOn the 24th April the CAC 40 made a huge gap up, from 5050 to 5260. An incredible 4%. In fact it is the largest gap we can see historically as far back as 2008. Gaps, as trades know, 'always' get filled. Statistically its more like 90% of the time. Whether bullish or bearish on the European reflation story, this trade is the same.. French stocks are likely to pull back to close this gap, before either continuing on their rally, or otherwise. Trade execution: A conservative way to play this would be see the actual gap as being highest high previously, which is actually 5140 (blue line). A more aggressive short target would be the 5050 from where it jumped.
INDEX:CAC40Short
by MVedra
CAC40 - Has the rally just begun?The resistance offered by the falling trend line drawn from Sept 2000 high and June 2007 high was breached last month. This month's candle shows a sharp rebound from the sub-trend line support level followed by a rise to 5295.5 (highest level since Jan 2008 high). The chart also shows a nice rebound from the rising trend line in mid 2016. Overall, the technical picture says the rally may have just begun... the monthly RSI is rising and is yet to overbought territory.
TVC:CAC40
by TipTVFinance
This is what you need to know before the elections results EURUSD is trading inside a yearly trading range. There's a daily uptrend line that EURUSD is currently still above.. and from above it has a daily downtrend line and the middle of the range - 1.1 (Resistance Zone). In case of a bullish move, focus on 1.1. A breakout above this price zone could send EURUSD towards 1.14-1.115 again to re-test the top of the range In case of a bearish move, a breakdown of the 1.04 support zone can lead EURUSD towards parity and even lower. As long as it stays inside the range, you can try and trade the range
by themarketzone
3
DAX and other European indices (Points and Figures): Fake out?So "they" want everyone to turn bullish (whether artificially or not) or be stopped out. The weak buyers are being washed away, shorts must be covered or the shorters will burn their feet if that's not already the case. Retail investors are still very bearish overall, but what is observed in Europe and in the official financial news show that money is flocking to European equities, among other things (even real estate is "booming" again). Indices are compelled to go higher, but the exhaustion seems to be nearing. Summer could be very frustrating. Volume seems to be impressive, but for such small moves (green XXX) at the time I am writing this post, this appears to be not. Volume is accumulating, we see final explosive moves, this could signal the beginning of the end of a bull market. But it will still grind up. It's better to buy pullbacks with tight stop loss orders, or wait until it goes way up if people want to short. However, we don't know yet when this will truly end. I would expect spikes and fake out. Reversal days could be extremely tricky.
FX:GER30
by UnknownUnicorn569872
CAC 40 - Pivotal pointBy closing at 5069.04, the CAC reached its long term down trend and is now at a pivotal point. Using weekly prices, the recent uptrend looks still solid with no sign of regression with any relevant indicators. However, using daily prices, 2 keys indicators, momentum and RSI show a regression synonym of short term weakness which could prevent the index to go through and keep it in the current long term downtrend initiated in Sept 2000 and June 2007. In case of breakout, the CAC the first resistance stands at 5283. On the other hand, a return back to 4929 then 4733 will be on the cards. Anything below the latter would annihilate the current uptrend
INDEX:CAC40
by gbattini_STA
CAC 40 consolidates following December breakFollowing the impulsion at the beginning of december, the index is now consolidating its recent uptrend. Since beginning of December, after exiting a 4 month old canal, the impulsion led the index to multiple new highs. However, if the price kept going higher, the current uptrend is weakened by a divergence since mid december and visible on three main indicators (RSI, Momentum and MACD). It is very much a short term worry though as this doesn't appear on the weekly data of the index. - On a short term point of view, holders can keep their long position although others would wait for a more affordable price. - Mid to long term investors would use the same pivot prices to enter the market or not. For those already long, there is no clear indication to close a long position now and even less to open a short one. - The divergence would be totalled by a break above the recent high at 4929.6. That would be a significant buy signal. - On the contrary, a break below the support at 4822.29 would generate a short term sell signal.
INDEX:CAC40
by gbattini_STA