Next CAC40 (FCHI) index long moveTheis seems to be a provable long scenario for the CAC40 (FCHI) index in the short term
About CAC 40 Index
The CAC 40 is a capitalization-weighted index serving as a benchmark for funds investing in the French stock market. CAC 40 index was launched in 1987 with a base value of 1,000 and it tracks top 40 companies traded on the Euronext Paris exchange. It is similar to the Dow Jones Industrial Average in that it is the most commonly used index that represents the overall level and direction of the market in France and the French economy in general. Most of the weight of the index is represented in sectors such as Pharmaceuticals, Banking, and Oil equipment.
Potential upward moveCAC40 was on a bearish move, but may retest established highs due to the bearish pressure stalling. However, a break of 7300 to the downside may hinder this proposed growth.
FRA40 Awaits Key Pivot Break for Bullish ConfirmationHello,
PEPPERSTONE:FRA40 has gained some upward momentum, and a decisive cross and close above the 1M pivot point (PP) would confirm further upside potential. In the long term, our outlook remains bullish. However, if the 1M PP acts as resistance, we may see additional support tests.
No Nonsense
FRA40 Support at 7377.45: Potential Retest AheadHello,
PEPPERSTONE:FRA40 has shown support at 7377.45, with a notable bounce from this level. However, there’s potential for a retest, and if this support level doesn’t hold, we could see a move toward retesting the 1-year pivot point. Monitoring the 1-month and 1-week support levels is crucia
CAC updateit seems that head and shoulder is being formed to make bullish setup for the index
we are expecting upward move following this pattern forming
in my previous analysis we were expecting bearish setup that failed for the moment .
please share your comments if you like
below my previous one could
Will CAC 40 See a Bullish Turn? Key Levels to Watch nextThe CAC 40, the benchmark French index, continues to trade around 7,496 during Friday's London session. Currently, the price is retesting a previous demand area, sparking interest in a potential bullish reversal pattern. I’m closely monitoring lower timeframes and daily charts for confirmation of a
FRA40 Eyes Support at 7,395 Before Bullish ReboundHello,
PEPPERSTONE:FRA40 is poised for further declines, approaching strong support at 7,395.95. Following that level, a bullish phase is anticipated to resume.
TradeWithTheTrend3344
WHAT'S FLOWING: BRENT | SUGAR WHITE | COCOA | USDCNH | NZDCHF | Brent Crude Oil (BRENT)
Sentiment: Bearish
Overview: Brent is currently facing downward pressure as it struggles to hold above critical support levels. Market sentiment has shifted amid concerns of reduced global demand, leading to a bearish outlook. Watch for further declines as Brent heads towa
CAC 40 index is bearishThe CAC 40 is an indicator traders use to measure the performance of the French economy, and, to a lesser extent, the EU economy. Some of the important factors influencing the CAC 40 are major political events, climate issues, major financial crises. Traders interested on the CAC 40 trading should a
FRA40: Bullish Potential with Key Support Levels in FocusHello,
The FRA40 is showing strong potential for further upside, having rebounded from the new 1-year low of 6750.62. Since then, the price has been steadily rising, indicating the emergence of a bullish trend. However, to confirm continued upward movement, it must establish a stable position abov
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current value of CAC 40 Index is 7,338.68 EUR — it has fallen by −1.17% in the past 24 hours. Track the index more closely on the CAC 40 Index chart.
CAC 40 Index reached its highest quote on May 10, 2024 — 8,259.19 EUR. See more data on the CAC 40 Index chart.
The lowest ever quote of CAC 40 Index is 893.82 EUR. It was reached on Jan 29, 1988. See more data on the CAC 40 Index chart.
CAC 40 Index value has decreased by −0.34% in the past week, since last month it has shown a −2.50% decrease, and over the year it's increased by 4.19%. Keep track of all changes on the CAC 40 Index chart.
CAC 40 Index is just a number that lets you track performance of the instruments comprising the index, so you can't invest in it directly. But you can buy CAC 40 Index futures or funds or invest in its components.