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. See our updated Privacy Policy here.



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
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
  • The $SPX is going to keep it interesting for us through this final trading session. The 50-day SMA is under strain, its 'quad witching' today, evergreen uncertainty over weekend and FOMC on the threat radar
  • The S&P 500 and its counterparts are leaning into support as the end of the week nears. DailyFX's @JohnKicklighter discusses the possibility of a break before next week's FOMC and Evergrande deadline!
  • You're Not The Only One Bored Of 'New' Apple iPhones via @IBDinvestors
  • $USDCAD big test, right at the Sept. high
  • just about an hour later $USDCAD
  • Hedging Evergrande (3333 HK) is reportedly a near impossible task
  • Given there is a substantial risk from China's Evergrande situation with a possible technical default at the start of next week, I'll be watching Bitcoin as a 'risk' measure over the weekend. Here versus SPX as Shanghai Comp is 'tended to'
  • The latest batch of US economic data suggests the economy is weathering delta variant concerns, increasing odds for a Fed taper announcement shortly. Get your market update from @CVecchioFX here:
  • $USD support hold at higher low $DXY now breakout after U of Mich Focus now shifts to the Fed for next week's rate decision. Quarterly meeting, so also getting an updated dot plot matrix and SEP
  • another hit at resistance $ES $SPY $SPX that zone is 5 for 5 this week, catching resistance each day m-f (this morning was pre-us open)
The CAC 40 Consolidates for 6th Day

The CAC 40 Consolidates for 6th Day

Walker England, Forex Trading Instructor

Talking Points

  • The CAC 40 Opens Up 0.24%
  • Price Consolidation Continues for sixth Daily Candle
  • SSI Reads Bearish at +1.59

CAC 40 Daily Chart

The CAC 40 Consolidates for 6th Day

(Created using Marketscope 2.0 Charts)

Interested in Learning the Traits of a Successful Trader? Click HERE

The CAC 40 is trading up .24% on the day, as the Index is poised to close the week relatively unchanged. With the Index mixed, Societe Generale is leading the way trading up 2.69%. As mentioned in previous updates, the CAC 40 remains consolidating inside of last Thursdays high (4,582.50) and low (4,305.00). Today now marks the sixth consecutive trading day without a breakout from these values. Traders looking to take advantage of this consolidation period may elect to look for range based trading opportunities until a daily breakout occurs in the markets chosen direction.

Todays, range can be seen outlined above through a series of pivot points. Range resistance is marked by the R3 Camarilla pivot point, which is found at a price of 4,473.59. Conversely, support is found below at the S3 Pivot point at a price of 4,397.41. Range traders may elect to trade between these values until either a breakout occurs, or this week’s trading closes inside of these boundaries. It should be noted that today’s pivot breakout values are denoted by the R4 and S4 pivot depicted below. Bullish breakouts begin above R4 at a price of 4,511.68, while bearish breakouts begin beneath S4 at a price of 4,359.33. In either breakout scenario, traders may look for prices to challenge the daily support and resistance values mentioned previously.

CAC 40 30 Minute Chart with Camarilla Pivots

The CAC 40 Consolidates for 6th Day

(Created using Marketscope 2.0 Charts)

SSI (speculative sentiment index) for the CAC 40 (Ticker: FRA40) is currently reading at +1.59. It should be noted here that this value has increased from the last reported total of +1.14. As an increasing number of positions are long, SSI when taken as a contrarian indicator suggests that the CAC 40 may be setting up for a future decline. Alternatively, in the event of a bullish advance, traders should look for SSI to level off to a more neutral value, and flip to a net negative reading.

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

See Walker’s most recent articles at his Bio Page.

Do you know the biggest mistake traders make? More importantly, do you know how to overcome the biggest mistake? Read page 8 of the Traits of Successful Traders Guideto find out [free registration required].

Contact and Follow Walker on Twitter @WEnglandFX.

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