{"id":26819,"date":"2022-04-29T12:11:09","date_gmt":"2022-04-29T11:11:09","guid":{"rendered":"https:\/\/youtrading.com\/en\/?p=26819"},"modified":"2022-04-29T12:32:15","modified_gmt":"2022-04-29T11:32:15","slug":"cac40-technical-analysis-sellers-take-a-breather-as-bulls-approach-a-critical-resistance-2","status":"publish","type":"post","link":"https:\/\/youtrading.com\/en\/cac40-technical-analysis-sellers-take-a-breather-as-bulls-approach-a-critical-resistance-2\/","title":{"rendered":"CAC40 Technical Analysis &#8211; Sellers take a Breather as Bulls approach a critical Resistance"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"26819\" class=\"elementor elementor-26819\" 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-4b562c7 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"4b562c7\" 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-e0fe8d0\" data-id=\"e0fe8d0\" 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-128a557 elementor-widget elementor-widget-text-editor\" data-id=\"128a557\" 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\/3KJ8GWF\" target=\"_blank\" rel=\"noopener\">CAC40<\/a> shaded has started to recover towards the 6,550 area, as the index moves away from the worst levels of the month after it slid lower, following the re-election of French President Emmanuel Macron this weekend.<\/p><p>A more bullish tone has returned to European equities after the French CAC 40 Index relinquished recent gains as risk sentiment soured, driving stocks lower.<\/p><p>After ending the week just short 6,500, French stocks had gapped lower, forcing the Index to open the week at 6,400. The price action is now looking more bullish.<\/p><p>Something that could be bullish for European stocks is the euro. The <a href=\"http:\/\/bit.ly\/2YAQOVh\" target=\"_blank\" rel=\"noopener\">EURUSD<\/a> pair looks to be headed towards parity, which could be great for European manufacturers.<\/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-42bd048 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"42bd048\" 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-9da2641\" data-id=\"9da2641\" 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-0ebae1a elementor-widget elementor-widget-image\" data-id=\"0ebae1a\" 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\/3KJ8GWF\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"436\" height=\"178\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/fra40-chart.jpg\" class=\"attachment-large size-large wp-image-26822\" 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-3e6fe40 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3e6fe40\" 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-bf5605c\" data-id=\"bf5605c\" 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-bd8a867 elementor-widget elementor-widget-text-editor\" data-id=\"bd8a867\" 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 fact that the CAC40 continues to hold onto to psychological support, amidst the combination of heightened price volatility\u00a0and risk aversion, it is a good sign, especially with the bullish catalyst coming from euro weakness.<\/p><p>Sentiment towards the CAC40 is still bullish according to the ActivTrader market sentiment took. This it could be a sign that a full-on price rally is not yet ready to happen.<\/p><p>We probably need to see sentiment turn bearish before a big rally takes holds, as retail traders are typically on the wrong side of the market.<\/p><p>The CAC40 bounced off a critical pivot at 6300 earlier this week. The bullish trend will accelerate if buyers can rally the price above the 6700 level.<\/p><p>Looking at the four-hour time frame chart, it is very clear that the CAC40 is trapped inside a bullish falling price channel, which is typically considered to be a bullish pattern.<\/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-b669386 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b669386\" 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-75f613f\" data-id=\"75f613f\" 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-a893dcd elementor-widget elementor-widget-image\" data-id=\"a893dcd\" 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\/3KJ8GWF\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"504\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/FRA40-4H.jpg\" class=\"attachment-large size-large wp-image-26824\" 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-794fca9b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"794fca9b\" 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-24255f0f\" data-id=\"24255f0f\" 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-5cb15bd0 elementor-widget elementor-widget-text-editor\" data-id=\"5cb15bd0\" 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\/3KJ8GWF\" 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-2daf80c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"2daf80c\" 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-3b8d114\" data-id=\"3b8d114\" 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-ad793d7 elementor-widget elementor-widget-text-editor\" data-id=\"ad793d7\" 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>Looking at the daily time frame bulls need to move the price above the 6,800 level to move the CAC40 away from the danger zone, and for the overall trend to turn bullish again. If weakness in the euro currency continues, I think a breakout to the upside will be inevitable.<\/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-264fc3b elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"264fc3b\" 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-9801f70\" data-id=\"9801f70\" 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-24033f4 elementor-widget elementor-widget-image\" data-id=\"24033f4\" 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\/3KJ8GWF\" target=\"_blank\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"936\" height=\"504\" src=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/04\/FRA40-1D.jpg\" class=\"attachment-large size-large wp-image-26825\" 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-5ca521ae elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5ca521ae\" 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-7c2451a0\" data-id=\"7c2451a0\" 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-78bfad78 elementor-widget elementor-widget-text-editor\" data-id=\"78bfad78\" 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\/3KJ8GWF\" 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 CAC40 shaded has started to recover towards the 6,550 area, as the index moves away from the worst levels of the month after it slid lower, following the re-election of French President Emmanuel Macron this weekend. A more bullish tone has returned to European equities after the French CAC 40 Index relinquished recent gains [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":24047,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[6],"tags":[302,18],"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>CAC40 Technical Analysis - Sellers take a Breather as Bulls approach a critical Resistance - 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\/cac40-technical-analysis-sellers-take-a-breather-as-bulls-approach-a-critical-resistance-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CAC40 Technical Analysis - Sellers take a Breather as Bulls approach a critical Resistance CAC40 Technical Analysis - Sellers take a Breather as Bulls approach a critical Resistance\" \/>\n<meta property=\"og:description\" content=\"The CAC40 shaded has started to recover towards the 6,550 area, as the index moves away from the worst levels of the month after it slid lower, following the re-election of French President Emmanuel Macron this weekend.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/youtrading.com\/en\/cac40-technical-analysis-sellers-take-a-breather-as-bulls-approach-a-critical-resistance-2\/\" \/>\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=\"2022-04-29T11:11:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-29T11:32:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/youtrading.com\/en\/wp-content\/uploads\/2022\/03\/GettyImages-1084529406.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"808\" \/>\n\t<meta property=\"og:image:height\" content=\"326\" \/>\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=\"CAC40 Technical Analysis - Sellers take a Breather as Bulls approach a critical Resistance CAC40 Technical Analysis - Sellers take a Breather as Bulls approach a critical Resistance\" \/>\n<meta name=\"twitter:description\" content=\"The CAC40 shaded has started to recover towards the 6,550 area, as the index moves away from the worst levels of the month after it slid lower, following the re-election of French President Emmanuel Macron this weekend.\" \/>\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\/cac40-technical-analysis-sellers-take-a-breather-as-bulls-approach-a-critical-resistance-2\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/youtrading.com\/en\/cac40-technical-analysis-sellers-take-a-breather-as-bulls-approach-a-critical-resistance-2\/\"},\"author\":{\"name\":\"Nathan Batchelor\",\"@id\":\"https:\/\/youtrading.com\/en\/#\/schema\/person\/88ce8e6688d6c690a83e6cbeee2eccab\"},\"headline\":\"CAC40 Technical Analysis &#8211; 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