CAC 40 (CAC) Down $59.05 On 4 Hour Chart, Started Today Down 0.07%; is Inching Close to 20 Day Average

CAC 40 4 Hour Price Update

Updated July 24, 2020 11:12 AM GMT (07:12 AM EST)

CAC 40 closed the previous 4 hours down 1.18% (59.05); this denotes the 4th candle in a row a decrease has occurred. Out of the 8 instruments in the 8 major global equity indices asset class, CAC 40 ended up ranking 7th for the four-hour candle in terms of price change relative to the previous 4 hours.

CAC 40 Daily Price Recap

CAC 40 closed the previous day down 0.07% (3.36); this denotes the 2nd day in a row a decrease has occurred. Out of the 8 instruments in the 8 major global equity indices asset class, CAC 40 ended up ranking 5th for the day in terms of price change relative to the previous day. Below is a daily price chart of CAC 40.

CAC 40 Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 14 days CAC 40’s price has gone down 8 them.

Overheard on Twitter

Behold! Here are the top tweets related to CAC 40:

  • From truemagic68:

    Though US earnings season so far has been adequate in the current climate, markets remain nervous over the adverse effect of Covid 19 & Sino/US tension rising – Suggested opening calls – FTSE 100 -4 at 6201, DAX +11 at 13111, CAC 40 +3 at 5040, DJIA Futures -20 at 26977 at 5.34am

  • From truemagic68:

    Apart from NASDAQ profit takers, US & European markets plus China’s Shanghai Comp were on a roll thanks to stimulus packages & vaccine hopes – Suggested opening calls – FTSE 100 -2 at 6264, DAX -17 at 13151, CAC 40 -4 at 5100, DJIA Futures +114 at 26953 at 5.01am

  • From truemagic68:

    A deterioration of China’s relationships with the US has threatened to put the skids under global equity markets protem- Suggested opening calls 24/7/20 – FTSE 100 -68 points at 6145, DAX -171 points at 12941, CAC 40 -65 points at 4968, DJIA Futures -123 points at 26536 @ 5.42am