{"id":19434,"date":"2021-12-10T06:17:00","date_gmt":"2021-12-10T06:17:00","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=19434"},"modified":"2021-12-10T23:56:34","modified_gmt":"2021-12-10T23:56:34","slug":"cac-40-technical-analysis-triangle-breakout-looms","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/cac-40-technical-analysis-triangle-breakout-looms\/","title":{"rendered":"CAC 40 Technical Analysis &#8211; Triangle breakout looms"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"19434\" class=\"elementor elementor-19434\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<div class=\"elementor-inner\">\n\t\t\t\t<div class=\"elementor-section-wrap\">\n\t\t\t\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-27607eb elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"27607eb\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-4928661\" data-id=\"4928661\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73e2b43 elementor-widget elementor-widget-text-editor\" data-id=\"73e2b43\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p>The <a href=\"https:\/\/bit.ly\/3dfnHQW\" target=\"_blank\" rel=\"noopener\">CAC 40<\/a> has been in recovery mode back towards the 7,000 level this week after slumping towards the $6,500 support zone last week, following heightened fears about the Omicron variant.<\/p><p>Downside risks are largely subsided while the CAC40 trades above the 6,920 level, as this is the former all-time high for the leading French index, which is extremely important for the bullish case for the CAC40.<\/p><p>For me, risks still remain as further lockdown could still come across Europe and next week FED meeting could cause further stock market losses if the US central bank aggressively tightens QE.<\/p><p>Furthermore, emerging market risks also linger. Turkey is suffering from inflationary pressure which could spill over for French banks exposed in the region. European banks are also expose via China Evergrande.<\/p><p>In terms of technicals, the CAC40 has plenty of scope to rally further while above the 7,000 level. A massive triangle pattern is forming and once a break from the triangle takes place we should expect an imminent directional move.<\/p><p>Looking at the ActivTrader Market Sentiment some 77% of traders are bullish towards the leading French index. This is a massive increase from last week\u2019s reading, and it could be bad news for bulls.<\/p><p>I suspect the CAC 40 will continue to head lower while sentiment towards the index remains high. Typically, retail traders have poor market timing and miss out entirely or even lean against the prevailing market trend.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c55b72f elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c55b72f\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-64e2a57\" data-id=\"64e2a57\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-60bbe38 elementor-widget elementor-widget-image\" data-id=\"60bbe38\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3dfnHQW\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"448\" height=\"169\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/12\/Fra40-chart.jpg\" class=\"attachment-large size-large wp-image-19438\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a5db767 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a5db767\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a2d8c1f\" data-id=\"a2d8c1f\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cc70a59 elementor-widget elementor-widget-text-editor\" data-id=\"cc70a59\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>CAC 40 Short-Term Technical Analysis<\/strong><\/p><p>The four-hour time frame shows that a massive triangle pattern is forming and being patient is the best course of action until we see a breakout, as the majority of the gains or loss into year-end will take place.<\/p><p>According to technical analysis, a break above the 7,070 level could cause a surge towards a new all-time high, while a breakout under 6,900 could cause a price plunge back towards the 6,700 area.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d47d7da elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d47d7da\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1821c16\" data-id=\"1821c16\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-5883ab2 elementor-widget elementor-widget-image\" data-id=\"5883ab2\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3dfnHQW\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"559\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/12\/Fra40-4h.jpg\" class=\"attachment-large size-large wp-image-19440\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-1568858 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1568858\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-7241247e\" data-id=\"7241247e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-31003274 elementor-widget elementor-widget-text-editor\" data-id=\"31003274\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3dfnHQW\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d3fabfe elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"d3fabfe\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-638229e\" data-id=\"638229e\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-73f2b78 elementor-widget elementor-widget-text-editor\" data-id=\"73f2b78\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><strong>CAC 40 Medium-Term Technical Analysis<\/strong><\/p><p>Looking at the daily chart it continues to show plenty of scope for further downside, as a massive amount if bearish MACD price divergence has formed during the multi-year rise.<\/p><p>The scope for further huge losses in the CAC40 is obvious, and the decline towards 6,000 seems the most likely occurrence of we were to see a major price drop under last week\u2019s low.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-2a17a4b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2a17a4b\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-58a4f96\" data-id=\"58a4f96\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bff5bf9 elementor-widget elementor-widget-image\" data-id=\"bff5bf9\" data-element_type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-image\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t<a href=\"https:\/\/bit.ly\/3dfnHQW\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"559\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/12\/Fra40-1d.jpg\" class=\"attachment-large size-large wp-image-19441\" alt=\"\" \/>\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-793931ae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"793931ae\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t\t\t<div class=\"elementor-row\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5595f705\" data-id=\"5595f705\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-column-wrap elementor-element-populated\">\n\t\t\t\t\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-215eb148 elementor-widget elementor-widget-text-editor\" data-id=\"215eb148\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t<div class=\"elementor-text-editor elementor-clearfix\">\n\t\t\t\t<p><a href=\"https:\/\/bit.ly\/3dfnHQW\" target=\"_blank\" rel=\"noopener\">See real-time quotes<\/a> provided by our partner.<\/p>\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>The CAC 40 has been in recovery mode back towards the 7,000 level this week after slumping towards the $6,500 support zone last week, following heightened fears about the Omicron variant. Downside risks are largely subsided while the CAC40 trades above the 6,920 level, as this is the former all-time high for the leading French [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":19436,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[302,330],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v17.6 (Yoast SEO v20.11) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>CAC 40 Technical Analysis - Triangle breakout looms - Youtrading UK<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/youtrading.com\/en\/cac-40-technical-analysis-triangle-breakout-looms\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAC 40 Technical Analysis - Triangle breakout looms CAC 40 Technical Analysis - Triangle breakout looms\" \/>\n<meta property=\"og:description\" content=\"The CAC 40 has been in recovery mode back towards the 7,000 level this week after slumping towards the $6,500 support zone last week, following heightened fears about the Omicron variant.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/cac-40-technical-analysis-triangle-breakout-looms\/\" \/>\n<meta property=\"og:site_name\" content=\"Youtrading UK\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/YouTradingEnglish\/\" \/>\n<meta property=\"article:published_time\" content=\"2021-12-10T06:17:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-12-10T23:56:34+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2021\/12\/GettyImages-682501448.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"477\" \/>\n\t<meta property=\"og:image:height\" content=\"230\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Nathan Batchelor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"CAC 40 Technical Analysis - Triangle breakout looms CAC 40 Technical Analysis - Triangle breakout looms\" \/>\n<meta name=\"twitter:description\" content=\"The CAC 40 has been in recovery mode back towards the 7,000 level this week after slumping towards the $6,500 support zone last week, following heightened fears about the Omicron variant.\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Nathan Batchelor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/youtrading.com\/en\/cac-40-technical-analysis-triangle-breakout-looms\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/cac-40-technical-analysis-triangle-breakout-looms\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"CAC 40 Technical Analysis &#8211; 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