Forecast and levels for CAC 40 - page 3

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Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2020.09.05 16:58

CAC 40 - daily ranging within 4889/5131 support/resistance level for direction (based on the article)

CAC 40 daily Brainwashing chart by Metatrader 5

  • "While the US grapples with floundering technology stocks, the Euro Area will have to negotiate looming growth data and an ECB rate decision. After initially wresting control of the virus following the initial outbreak, some pockets of Europe have begun to see a rise in cases once more. Should the rise be reflected in upcoming Euro Area growth data due to lockdowns, the DAX 30 and CAC 40 could falter slightly as investors reassess the outlook for the region."
  • "Similarly, European indices could experience turbulence should ECB officials lament recovery prospects without a simultaneous increase in stimulus or accommodation. Either way, a lot of uncertainty surrounds the DAX 30 and CAC 40 headed into next week. That being said, notable event risk and heightened volatility could deliver the spark required to liberate the two indices from their recent trading ranges."

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Chart was made on MT5 with Brainwashing system/AscTrend system (MT5) from this thread (free to download) together with following indicators:

Same system for MT4:

  1. Brainwashing. Trades: manually and using EAs (MT4)
  2. Brainwashing EAs - the thread (MT4)
  3. Brainwashing: system setup for trading manually and for EAs (MT4) - the thread 
  4. Brainwashing: system development (MT4) - the thread

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