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CAC 40 IndexCC

CAC 40 Index

7,882.5EURR
−51.3−0.65%
As of today at 09:09 GMT
EUR
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FRA40 trade ideas

Still short We might rebound toward 4200 but the trend is still bearish and this monthly candle is scary... technically a bear market have 3 phases: we are only on the first phase where we assist of a fast decline on prices the second phase is like a bounce to retrace a little from the decline then the last phase where price continue their decline but slowly For me my targets are 3500 then 2700 for the CAC 40 4200 is a great price for shorting or even now if you can take the the rebound my next target is 3500 then 2700
TShort
by magnum375
CAC 40 Index - heading towards 2012 lowEurope Markets entering strong bearish momentum. France is at the beginning of the COVID-19 Pandemic, number of infected people expect to grow exponentially in the upcoming weeks. France, Spain, Germany following Italy's state of emergency. We expect now a lower low of the CAC 40 Index. At the correction move to 4600, we can start shorting the Index with the price target of 2012's low at 2800. Europe will enter in recession if serious state economic measures are not taken. "Two of the EU's biggest states, France and Spain, have followed Italy in announcing emergency restrictions to combat the spread of coronavirus. France, a country of 63.5 million, ordered the closure of all non-essential places used by the public from midnight (23:00 GMT)." 15 March - bbc.com Let me know your view in the comments down below!
EShort
by TradingExpertGroup
CAC 40 At Crucial Support CAC40 opened With massive Gapdown trapping all the bulls at higher level This must have forced the small leveraged Trader to exit Their Position at the lower rates forcing the index downwards. Index can Face Heavy Selling Pressure from tops All the trapped brave Traders who didn't exit their position in today's fall will be waiting for their prices on the higher side. So Sell on rise pattern could be seen in this index CAC40 Is currently trading Below its 100 EMA at crucial Support Level of previous swing low. Fresh Sell Off Can be Seen Below The swing low till 5720 Levels which is 200 EMA and 4th Decembers Low.
T
by TradingOx
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