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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Bearish
Wall Street
Mixed
Gold
Mixed
Low
High
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
GBP/USD
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: 0.06% 🇨🇭CHF: 0.05% 🇪🇺EUR: -0.05% 🇦🇺AUD: -0.12% 🇳🇿NZD: -0.13% 🇨🇦CAD: -0.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/9wrGQtkgdE
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: -0.04% France 40: -0.05% Wall Street: -0.19% Germany 30: -0.28% FTSE 100: -0.53% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/Y22Crt6eX1
  • 🇫🇷 Consumer Confidence (JAN) Actual: 92 Expected: 94 Previous: 95 https://www.dailyfx.com/economic-calendar#2021-01-27
  • US Dollar Outlook: DXY Forms Head and Shoulders Pattern Ahead of FOMC - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/01/27/US-Dollar-Outlook-DXY-Forms-Head-and-Shoulders-Pattern-Ahead-of-FOMC.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $USD $DXY #USDollar #FOMC https://t.co/rt603Ix66D
  • Heads Up:🇫🇷 Consumer Confidence (JAN) due at 07:45 GMT (15min) Expected: 94 Previous: 95 https://www.dailyfx.com/economic-calendar#2021-01-27
  • Euro’s forecast this quarter? Get your free forecast here: https://t.co/kpBYVz31Bd #DailyFXGuides https://t.co/NWs5Lyiyyt
  • 🇩🇪 GfK Consumer Confidence (FEB) Actual: -15.6 Expected: -7.9 Previous: -7.5 https://www.dailyfx.com/economic-calendar#2021-01-27
  • 🇩🇪 GfK Consumer Confidence (FEB) Actual: -15.6 Expected: -7.9 Previous: -7.3 https://www.dailyfx.com/economic-calendar#2021-01-27
  • The US unemployment rate stood at 6.77% in Dec, which marks a long way to return to the pre-Covid level of 3.8%. The latest core PCE was at 1.4%, showing little sign of inflation overheating. This suggests that conditions for the Fed to consider tapering are far from met. #FOMC https://t.co/vtnC2V1Q2P
  • Heads Up:🇩🇪 GfK Consumer Confidence (FEB) due at 07:00 GMT (15min) Expected: -7.9 Previous: -7.3 https://www.dailyfx.com/economic-calendar#2021-01-27
The CAC 40 Fails to Make a Significant Change in Price

The CAC 40 Fails to Make a Significant Change in Price

Walker England, Forex Trading Instructor

Talking Points

  • The CAC 40 is set to close Thursdays trading with an Inside Bar
  • Price action continues to consolidate for the 11th consecutive session
  • SSI readings neutralize, with the index reading +1.48

CAC 40 Daily Chart, Inside Bar

The CAC 40 Fails to Make a Significant Change in Price

(Created using Marketscope 2.0 Charts)

What’s next for equities market? Find out more with our analysts Free forecast!

The CAC 40 has failed to make any significant price changes today, and is set to close the session with an inside bar. This pattern has been created by using yesterday high and low as a reference. This means, Wednesdays high of 4,331 is currently acting as a value of resistance for the Index. Wednesdays low at 4,266 s also acting as support. With prices failing to breakout from these values today, traders will look to see if tomorrows trading breaks the CAC 40 from its current pattern of consolidation.

It should be mentioned that the CAC 40 remains at the bottom of an ongoing daily range. Today marks the 11th trading session without a significant breakout. In the event that prices breakout from the previously mentioned inside bar pattern, traders may look at this momentum to potentially initiate a breakout from this larger consolidation pattern.

CAC 40 Daily Chart

The CAC 40 Fails to Make a Significant Change in Price

(Created using Marketscope 2.0 Charts

Find out real time sentiment data with the DailyFX’s sentiment page.

Sentiment data for the CAC 40 (Ticker: FRA40) has neutralized from yesterday’s extremes. SSI (speculative sentiment index) is no reading at +1.48. With SSI still reading positive, it suggests the Index may be preparing for further declines. If prices breakout lower, traders may look for SSI to push back to an extreme of +2.0 or higher. Alternatively, in the event that the CAC 40 breaks higher, traders should continue to monitor SSI to see if the Index flips to a negative reading.

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

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

Contact and Follow Walker on Twitter @WEnglandFX.

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

DISCLOSURES