CAC40 - 16 September 2020
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Published on 2020-09-16
A moderate bullish bias is applicable above 5040. Technical score: 0
The price remains in a moderate inclining channel pattern. A bullish MACD the daily time frequency remains applicable. Upside price momentum halted – supporting a bearish trend. Only a confirmed price action below 5040 will reverse the bullish trend direction. Upside target: 5130. Downside target for a break below 5040 will be 5010.