CAC suffered from RSI divergence On weekly chart, CAC already suffered much from Bearish RSI divergence. It is secured number one position within all major indices in achieving target.
About CAC 40
The CAC 40 is used as a benchmark index for funds investing in the French stock market and also gives a general idea of the direction of the Paris Bourse. The CAC 40 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. At the time of writing (Aug 2005), the CAC 40 included such companies as Renault, Michelin, L'Oreal and Vivendi Universal.
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CAC40 TODAY : Stocks in France Fall 0.2% on MondayThe CAC 40 fell about 0.2% to trade at 7,405 on Monday, tracking its regional peers lower, as traders pare bets major central banks and specially the Fed will cut interest rates as soon as March.
Lower oil prices also weighed on the energy sector.
Among single stocks, TotalEnergies (-1.5%) and L
CAC 40 Edged Up 0.3% on WednesdayThe CAC 40 index rose about 0.3% to the 7,590 level on Wednesday, tracking its European peers higher, fueled by growing optimism regarding major central banks potentially implementing interest rate cuts in the coming year. Among single stocks, Alstom (+2.5%), Teleperformance SE (+1.2%), STMicroelect
Index. On strong support . short term buy possible if move is upIndex. On strong support . short term buy possible if further move is up else next down might sort to aim swing low.
harmonic pattern xabcdharmonic pattern activated and we may see a good move till marked levels, and we can also find reversals from these levels. So keep in mind these levels.
CAC 40 indexCAC 40 Index in day Time Frame is looking nutrual after war situation. I think it will consolidate here for 2 months after that I consider market will gave breakout and we can se further up move. This is only for education purpose, not any buy or sell recommendation.
CAC ..........7000 or reversal on the cards ???On Daily Chart seems to be marching towards 6900+
All chances of a pull back from near 7000+
Be cautious at higher levels
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
CAC 40 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 futures or funds or invest in its components.