Surprise! CAC 40 Falls 130.990000000001 From Day Prior

The Daily View for CAC 40

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  • This move is a reversal from the day prior, which saw price move up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • Most noteworthy in the world of moving averages on the daily chart is that the 50 day moving average has been crossed, with price now being below it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of CAC 40.

CAC

Featured CAC 40 Idea From TradingView

Below is a trading comment entitled Top Trade Ideas & Morning Meeting for July 09 you may find interesting:

🌐 MORNING MEETING & TOP TRADE IDEAS – JULY 09🔴 GLOBAL STOCK MARKETS (MAIN CHART)Morning trader and happy Friday! It looks like investor mood is finally turning better after a wave of risk aversion in the last few days.Asia closed almost unchanged, but Europe turned green with the CAC 40 leading the pack (up 1.73%). US market futures are also turned bullish after yesterday’s lower close. https://www.tradingview.com/x/mtpz8d28/ 🔴 US DOLLAR INDEXThe US dollar has faced some selling pressure this morning, attempting a break down below a hourly bullish trendline. Yields are somewhat higher, with the 2-year yield retreating from daily highs and pointing downwards now. If risk sentiment stay positive, we could see further downside in the USD during the day.It’s worth noting that the second half of the year is typically not as bullish for the US dollar as the first half, but a potential bear flattener (faster …

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