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
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
  • Is the Eurozone entering into a second debt crisis? Find out here:
  • And the Monday Asia trading session has officially begun. A pair to have on your watch list to kick off early trade: $AUDUSD post head-and-shoulders' neckline (and 200-DMA) breakdown
  • The ISM manufacturing index plays an important role in forex trading, with ISM data influencing currency prices globally. Find out about the recent history of ISM data, how to track it, and how to trade its release here:
  • Here are the top scheduled event risks on my calendar for the coming week. Global PMIs, a few rate decisions, the Fed's bank stress test results, the Fed's favorite inflation indicator and a run of Fed speak among much more:
  • I know it is a cognitive bias, but it seems that every time I take a day off, there are significant market moves. Dow's tumbled into a 5th straight session Friday with 10-day correlation to Nasdaq most extreme negative in 4 years
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am EST (12:30GMT) on DailyFX!! - lots to discuss on the back of last week's #Fed Fireworks!
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here:
  • Markets Week Ahead: Gold, Dow, Pound-Dollar, BoE Rate Decision, Fed Risk, PMIs Check out my recap of last week and preview of upcoming event risk, plus all the latest forecasts from the @DailyFX team below. Link to Analysis - $GLD $DJI $GBPUSD #Trading
  • Traders focus a lot of their energy on spotting the perfect time to enter a trade. While this is important, it is ultimately where traders choose to exit trades that will determine success. Learn about the three types of trading exit strategies here:
  • Trading bias allows traders to make informative decisions when dealing in the market. This relates to both novice and experienced traders alike. Start learning how you may be able to make more informed decisions here:
CAC 40 Continues Consolidation With an Ascending Triangle

CAC 40 Continues Consolidation With an Ascending Triangle

Walker England, Forex Trading Instructor

Talking Points

  • CAC 40 Breaks From Range, but Consolidation Continues
  • Key CAC 40 Resistance Sits at 4,528.30
  • If you are looking for more trading ideas for equities markets, check out our Trading Guides

The CAC 40 is trading higher (0.97%) this morning after breaking out from an ongoing 10 day trading range. Despite this bullish breakout, it should be noted that the Index is still trading in a larger consolidation pattern. Depicted below, the CAC 40 can be seen trading in an ascending triangle. This pattern has been created by connecting a series of higher lows, with resistance found near the 2016 August high of 4,528.30. If prices fail to breakout from this triangle, it may suggest further consolidation for the CAC 40.

CAC 40, Daily Chart

CAC 40 Continues Consolidation With an Ascending Triangle

Intraday values for the CAC40 include today’s R1 pivot at 4,475.10. Prices are currently trading above this value with this morning’s bullish momentum. If the CAC40 continues to trade higher, next resistance is found at 4,513.70. A move through this point then exposes the previously mentioned August high at 4,528.30. Alternatively, first support is found at the S1 pivot near 4,409.60. A move through this value would be significant, as the CAC40 would have completely erased this morning’s early gains. A continued decline then exposes the S2 pivot at 4,382.70, which is just above triangle support at 4,374.35.

CAC 40, 1 Hour Chart

CAC 40 Continues Consolidation With an Ascending Triangle

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.