News & Analysis at your fingertips.

We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
Wall Street
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
More View more
Real Time News
  • Euro Price Forecast: EUR/USD, EUR/JPY Eyeing ECB Weekly Bond Purchases - $EUR $EURUSD $EURJPY
  • 🇨🇭 Retail Sales YoY (JAN) Actual: -0.5% Previous: 5.4%
  • Heads Up:🇨🇭 Retail Sales YoY (JAN) due at 07:30 GMT (15min) Previous: 4.7%
  • Slippage can be a common occurrence in forex trading but is often misunderstood. Understanding how forex slippage occurs can enable a trader to minimize negative slippage, while potentially maximizing positive slippage. Learn about FX slippage here:
  • 🇷🇺 Markit Manufacturing PMI (FEB) Actual: 51.5 Previous: 50.9
  • Heads Up:🇷🇺 Markit Manufacturing PMI (FEB) due at 06:00 GMT (15min) Previous: 50.9
  • Greed is a natural human emotion that affects individuals to varying degrees. Unfortunately, when viewed in the context of trading, greed has proven to be a hindrance more often than it has assisted traders. Learn how to control greed in trading here:
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 93.74%, while traders in GBP/JPY are at opposite extremes with 64.08%. See the summary chart below and full details and charts on DailyFX:
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.55% 🇦🇺AUD: 0.55% 🇬🇧GBP: 0.39% 🇪🇺EUR: 0.09% 🇯🇵JPY: 0.06% 🇨🇭CHF: -0.01% View the performance of all markets via
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 1.05% US 500: 0.83% Germany 30: 0.78% France 40: 0.78% Wall Street: 0.72% View the performance of all markets via
The CAC40 Tests Resistance in a Downtrend

The CAC40 Tests Resistance in a Downtrend

Walker England, Forex Trading Instructor

Talking Points

  • The CAC40 retraces to resistance in a downtrend
  • R3 resistance is found at 4,209
  • SSI reads at an extreme +3.41

CAC40 1 Day Chart

The CAC40 Tests Resistance in a Downtrend

(Created using Trading View Charts)

Sign up for our FREE equities trading guide HERE!

The CAC40 is trading up modestly this morning, after the Index broke to a new monthly low yesterday at 4348. Currently the Index is trading under key resistance, which is found at 4295. This area on the graph is represented by today’s R3 Camarilla Pivot point, and so far, today price has been rejected below this value. In the event that resistance holds, traders may look for the CAC40 to return towards values of support. This includes today’s S3 support pivot, which resides at 4,209.

In the event that prices do reverse from the R3 pivot, it opens up the possibility that the CAC40 may continue its downtrend under 4,165. A breakout below S4 support would allow traders to target a lower low near 4079. This value is found by extrapolating 1-X of today’s 86-point range from the S4 pivot at 4,165. Alternatively, in the event that prices continue to rise, and move above today’s R4 pivot point at 4294, it would nullify any retracement opportunities on the creation of a new higher high.

SSI (Speculative Sentiment Index) for the CAC40 (Ticker FRA40) is currently reading at +3.413. This value is considered extreme, with over three positions long for every short. When taken as a constrain signal, SSI in this scenario favors a move towards new lows.

To Receive Walkers’ analysis directly via email, please SIGN UP HERE

Contact and Follow Walker on Twitter @WEnglandFX.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.