CAC 40 Does it Again: Heads Down for the 2nd Straight Day

News Releases Impacting CAC 40

  • Actual Private Non Farm Payrolls QoQ Prel in France: 0.3%. The previous number: 0.6%. (50% difference between the two.)

The Hourly View for CAC 40

  • At the moment, CAC’s price is down -11.01 (-0.17%) from the hour prior.
  • CAC 40 has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.

CAC 40’s hourly price chart is shown below.

CAC

The Daily View for CAC 40

  • At the time of this writing, CAC’s price is down -27.28 (-0.43%) from the day prior.
  • The daily chart shows that CAC 40 has seen 2 straight down days.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
  • Divergence between CAC’s price and its RSI may be manifesting. As such, be on the lookout for trend reversal in CAC’s price.

Below is a daily price chart of CAC 40.

CAC

Latest News Discussing CAC

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    Like the actual war in 1862, the Mexican economy and market emerged winner in 2022. However, over the long term, the battle might present us with a different victor if the situation in East Europe improves.