September 13th – Weekly Trading Levels for DAX & CAC - Forex News by FX Leaders

September 13th – Weekly Trading Levels for DAX & CAC

Posted Wednesday, September 13, 2017 by
Arslan Butt • 1 min read

The global stocks opened with a sharp bullish trend since tensions between the United States and North Korea have lessened. However, the German 30 and FRA are in the overbought trading zone, and it seems investors may halt buying European indices until there is a retracement. 

Let's take a look at weekly trading levels for the DAX (German Index) & CAC (France Index). Keep a close eye on every resistance, as it can be a level where the market shows reversals. In addition, learn more about FX Leader's support and resistance trading strategy to trade profitably.

DAX – Weekly Trading Levels

Support            Resistance

S1: 12410         R1: 12554

S2: 12365         R2: 12599

S3: 12293         R3: 12671

Key Trading Level: 12482.45

CAC40- Weekly Trading Levels

Support             Resistance   

S1: 5154             R1: 5221

S2: 5133             R2: 5242

S3: 5100             R3: 5275

Key Trading Level: 5187

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies

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.
Related Articles
Comments

Leave a Reply

avatar
  Subscribe  
Notify of