CAC (France40) key trading level at 7946
The CAC (F40) index price action sentiment appears bullish, supported by the longer-term prevailing uptrend.
The key trading level is at 7946, which is 25th Feb swing low. A corrective pullback from the current levels and a bullish bounce back from the 7946 level could target the upside resistance at 8066 followed by the 8100 and 8180 levels over the longer timeframe.
Alternatively, a confirmed loss of 7946 support and a daily close below that level could trigger a further retracement and a retest of 7900 support level followed by 7858 and 7800.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
The key trading level is at 7946, which is 25th Feb swing low. A corrective pullback from the current levels and a bullish bounce back from the 7946 level could target the upside resistance at 8066 followed by the 8100 and 8180 levels over the longer timeframe.
Alternatively, a confirmed loss of 7946 support and a daily close below that level could trigger a further retracement and a retest of 7900 support level followed by 7858 and 7800.
This communication is for informational purposes only and should not be viewed as any form of recommendation as to a particular course of action or as investment advice. It is not intended as an offer or solicitation for the purchase or sale of any financial instrument or as an official confirmation of any transaction. Opinions, estimates and assumptions expressed herein are made as of the date of this communication and are subject to change without notice. This communication has been prepared based upon information, including market prices, data and other information, believed to be reliable; however, Trade Nation does not warrant its completeness or accuracy. All market prices and market data contained in or attached to this communication are indicative and subject to change without notice.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.