Please wait while we get your page ...

The European Index DAX and CAC 40
The European Index DAX and CAC 40
Posted

By - Jamel Lahiani

Posted - 24-07-2019
  • The DAX is bullish: Buy.
  • The CAC 40 is bearish: Sell.

Today our analysis will be concerned with DAX and CAC 40:

DAX: The DAX “German stock index” is a blue chip stock market index consisting of the 30 major German companies trading on the Frankfurt Stock Exchange.

CAC 40: the benchmark French stock market index. The index represents a capitalization-weighted measure of the 40 most significant stocks among the 100 largest market caps on the Euronext Paris.

CLICK ALSO: Today the US Dollar is Appreciating Against the EURO

GRAPHIC 1: DAX HOURLY CHART (JULY 24, 2019)
The hourly chart is over the MA14 line in red and the resistance line. It is more plausible that the DAX index is bullish. A swing entry could be taken if there is a new cross and close of the chart belong the MA14.

GRAPHIC 1: CAC40 HOURLY PRICE CHART (JULY 24, 2019)
The hourly chart is below the resistance line in red and the MA14. The movement of the CAC40 chart is bearish. A swing entry could be taken using a slower times frames like M15, if there is a break to the downside of the MA14 or the resistance line.

APRECON

Follow us on Twitter @aprecon

Follow on Instagram @_aprecon

Like our Page on FB @aprecon

Leave a Reply

avatar