| 
June 30, 2023- The MACD line is significantly above the MACD signal line
- Upper Bollinger Band® currently at 7,412.41
CAC continues a 5 day uptrend, gaining a total of 3.44%. This session seems to remain in the same lane for now — CAC is off to a good start after gaining 1.33% – now trading at 7,410.
The index has been trending positively for about 30 days. CAC hit a significant low of 15.42 around 9 months ago, but has since recovered 47,324%.
The MACD is significantly above its signal line, which suggests the market is running out of bullish momentum and could revert to a negative outlook as bears regain control. CAC's upper Bollinger Band® is at 7,412.41, this is a slight indication of a slowdown.
Technical analysis suggests there could be an imminent reversal for CAC 40.
Fundamental indicators – Germany Consumer Price Index came out at 0.3%, while a consensus of analysts was expecting 0.2%.
CAC shows positive signs, other assets are also on par: FTSE moves up 0.92% to trade around 7,540.74. DAX increases 1.27% to trade around 16,150. Nasdaq is up 1.43%.
Upcoming fundamentals: Euro Zone CFTC EUR speculative net positions is scheduled for today at 20:30 UTC.
