CAC 40 (CAC) Up $15.17 On 4 Hour Chart, 5 Day Down Streak Broken; Morning Star Pattern Appearing on Chart

CAC 40 4 Hour Price Update

Updated July 30, 2020 03:12 AM GMT (11:12 PM EST)

4973.6299 was the closing price of the four-hour candle for CAC 40, resulting in the current 4 hour candle being one in which price moved up 0.31% ($15.17) from the last 4 hour candle. Relative to other instruments in the 8 major global equity indices asset class, CAC 40 ranked 2nd since the last 4 hour candle in terms of percentage price change.

CAC 40 Daily Price Recap

CAC 40 is up 0.6% (29.8) since the previous day, marking a reversal from the day prior — and the end of a 5 day negative run. Relative to other instruments in the 8 major global equity indices asset class, CAC 40 ranked 3rd since the previous day in terms of percentage price change. The daily price chart of CAC 40 below illustrates.

CAC

CAC 40 Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone down 18 out of the past 30 days. And for candlestick traders, a special treat: there is a morning star pattern showing up on the charts as well. Rejoice!

Overheard on Twitter

Over on Twitter, here were the top tweets about CAC 40:

  • From truemagic68:

    The FED’S bold increase in stimulus not only buoyed a strong rally on Wall Street & in Asia this morning, but it will also trigger a complimentary bounce in Europe- Suggested opening calls– FTSE 100 +164 at 6219, DAX +382 at 12297, CAC 40 +110 at 4925, DJIA +530 at 26295 @ 5.40am

  • From truemagic68:

    Uncertainty over $1 trillion US stimulus package, Covid19 spike + FOMC meeting reflect a rather nebulous reflective start to European session. Suggested opening calls – FTSE 100 -8 points at 6127, DAX -38 points at 12806, CAC 40 -12 points at 4916, DJIA Futures +4 points at 26390

  • From truemagic68:

    After strong gains in NY, a modest pullback is expected early door. IMF warn of greater global economic contraction Suggested European opening calls – FTSE 100 points -10 at 6232, DAX -48 points at 12271, CAC 40 -15 points at 4937, DJIA -100 points at 26207