Best Buying Points for the French CAC Index on the Daily Timeframe

The French CAC index continues to move within a strong upward trend, and the outlook remains positive for continued upward movement in the long term.

The movement is still positive, as the index is moving within a strong ascending price channel. The identified demand zones are currently the best areas for expected upward movement, coinciding with the lower boundary of the ascending channel.

Expected Targets

If the index falls and tests the demand zones at 8352.76, it is expected to resume its upward trend and continue the upward movement towards the targets identified on the chart, which are at 8440 and 8540 respectively.

If the initial demand zones are broken and the price closes below them on a daily candle, we expect to see a decline to the next level near 8138, which aligns with the upward trend. From there, a renewed upward movement is anticipated.