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CAC Forecast August 27, 2015, Technical Analysis

By:
Christopher Lewis
Published: Aug 27, 2015, 05:04 UTC

Looking at the Parisian index, you can see that we had a volatile back and forth type of session. However, we close basically unchanged, as far as the

CAC Forecast August 27, 2015, Technical Analysis

Looking at the Parisian index, you can see that we had a volatile back and forth type of session. However, we close basically unchanged, as far as the range is concerned. We did gapped at the beginning to the downside, and then just went back and forth. We continue to hug the €4500 level, so at this point in time we feel that the market is trying to build up enough support to go higher, and we probably have several sessions work through this. With this we are on the sidelines, but we are looking for a buying opportunity. We will keep you updated.


 

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About the Author

Being FXEmpire’s analyst since the early days of the website, Chris has over 20 years of experience across various markets and assets – currencies, indices, and commodities. He is a proprietary trader as well trading institutional accounts.

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