Stock index DAX 30 is trading at the level of 12595.7. DAX 30 is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the DAX. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 12650.0, from which one should expect an attempt to drop quotations of the stock index and develop a bearish trend near the level of 12400.0.
Analysis & forecast index DAX 30 on May 30, 2017
Earlier, we received a weak signal for the sales of the Stock index DAX 30, due to crossing of the signal lines at the level of 12680.0. Cancellation of the variant of falling quotations of the stock index will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 12730.0, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the stock index is with the breakdown of the local minimum area at 12460.0.
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