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
Oil - US Crude
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
Wall Street
More View more
Real Time News
  • *Reminder: Weekly Strategy Webinar tomorrow morning at 8:30am ET on DailyFX!
  • Central banks often deem it necessary to intervene in the foreign exchange market to protect the value of their national currency. Learn how central bank intervention can impact your trading here:
  • The US Dollar may seesaw as investors navigate what could be a volatile week packed with US GDP data, rising Covid-19 cases, Q3 corporate earnings and more. Get your #currencies update from @ZabelinDimitri here:
  • USD/MXN pushes lower towards a critical support level in the midst of continued political uncertainty. Get your #currencies update from @HathornSabin here:
  • Gold Forecast - via @DailyFX “Gold price outlook still hinges on stimulus deal expectations and corresponding swings in real yields.” What will I have my eyes on in the week ahead? Link to Analysis: $GC_F $XAUUSD $GLD
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here:
  • Talks between the EU and UK restarted today and will continue over the weekend as negotiators from both sides battle against the clock. Get your #currencies update from @nickcawley1 here:
  • The London trading session accounts for around 35% of total average forex turnover*, the largest amount relative to its peers. The London forex session overlaps with the New York session. Learn about trading the London forex session here:
  • There is a great debate about which type of analysis is better for a trader. Is it better to be a fundamental trader or a technical trader? Find out here:
  • There are three major forex trading sessions which comprise the 24-hour market: the London session, the US session and the Asian session. Learn about the characteristics of each session here:
CAC 40 Rebounds to End Week

CAC 40 Rebounds to End Week

2016-10-14 17:03:00
Walker England, Forex Trading Instructor

Talking Points

  • CAC 40 Bounces Higher, Trading up +1.83%
  • Intraday CAC 40 Resistance is Found Near 4,501.70
  • What’s next for the equities market? Learn more with our Trading Guide

The CAC 40 has rebounded off of weekly lows, and is currently trading up +1.83% for the session. This rebound of price has occurred as the Index failed to break below critical values of support in a developing triangle pattern. With today’s rally, the CAC 40 is now testing triangle resistance under 4,500. If the Index again fails to breakout, it may suggest continued consolidation going into next week’s trading. However, traders should continue to monitor daily support and resistance to determine the CAC 40’s next directional breakout.

Of note, top CAC 40 Gainers for the session include BNP Paribas +3.33%, L'Oréal +3.07%, and Société Générale +3.02%. Top losers include Cap Gemini -.93% and Airbus Group trading down -1.06% so far on the session.

CAC 40, Daily Chart & Triangle

CAC 40 Rebounds to End Week

(Created with TradingView Charts)

Intraday values to watch include today’s R3 pivot at 4,501.70. The Index is currently trading below this value, and a move beyond this value exposes the Index to a broader Daily breakout. If the CAC 40 begins to fall into the close, it may open the Index up to test other key values now acting as support. This includes the R2 pivot at 4,450.20 and the R1 pivot found near 4,427.50. In the event that the CAC 40 makes a full reversal, traders may begin to look for intraday bearish breakouts underneath yesterday’s low of 4,369.50.

CAC 40, 30 Minute Chart

CAC 40 Rebounds to End Week

(Created with TradingView Charts)

---Written by Walker England, Market Analyst

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.