Stock index DAX 30 is trading at the level of 12026.9. DAX 30 is trading below the moving average with a period of 55, indicating a bearish trend for the DAX 30. The stock index benchmarks tested the lower boundary of the Bollinger Bands indicator bars and moved toward the middle border. It is worth waiting for the test of the average border of the Bollinger Bands indicator bars near the level of 12090.0, where again we should expect an attempt to continue falling with the first target near the level of 11860.0.
Bollinger Bands DAX 30 forecast on April 20, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 12200.0. Canceling the option of continuing the fall of DAX 30 will be a breakdown of the upper boundary area, as well as a moving average with a period of 55 and the closing of quotes of the pair above the area of 12280.0, which indicates a change in the trend in favor of bullish DAX 30. In the event of a breakdown of the lower boundary of the indicator bars, Exchange index in the area below the level of 11860.0.
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