September 5th – Weekly Support & Resistance Levels for DAX & CAC - Forex News by FX Leaders

September 5th – Weekly Support & Resistance Levels for DAX & CAC

Posted Tuesday, September 5, 2017 by
Arslan Butt • 1 min read

The global financial markets are trading with huge gaps, yet moving trading within the same technical levels suggested last week. The mess caused by North Korea isn't only limited to the U.S. indices but spread to the European indices as well.

Technically, the market is likely to fill these gaps today or by the end of this week. Let's take a look at weekly trading levels for the DAX (German Index) & CAC (France Index). In addition, refer to FX leader support and resistance trading strategy article in order to trade below levels profitably.

DAX – Weekly Trading Levels

Support            Resistance

S1: 12185         R1: 12555

S2: 12670        R2: 12670

S3: 12855        R3: 12855

Key Trading Level: 12370

CAC40- Weekly Trading Levels

Support             Resistance   

S1: 5103             R1: 5224

S2: 5065            R2: 5261

S3: 5005            R3: 5322

Key Trading Level: 5163

Keep in mind that we aren't expecting many fundamentals from the Eurozone and these technicals levels are our best help to position our trades.
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About the author

Arslan Butt // Index & Commodity Analyst
Arslan Butt is our Lead Commodities and Indices Analyst. Arslan is a professional market analyst and day trader. He holds an MBA in Behavioral Finance and is working towards his Ph.D. Before joining FX Leaders Arslan served as a senior analyst in a major brokerage firm. Arslan is also an experienced instructor and public speaker.
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