Stock index DAX 30 is trading at the level of 12318.4. DAX 30 is trading above the moving average with a period of 55, indicating a bullish trend for the DAX 30. At the moment, stock market quotes are testing the upper boundary of the Bollinger Bands indicator bars. It is worth waiting for an attempt to fall and test the middle border of the bands near the level of 12225.0, where again we should expect an attempt to continue growth with the first target near the level of 12380.0.
Bollinger Bands DAX 30 forecast on April 3, 2017
The conservative buy area is near the lower border of the Bollinger Bands indicator strip at 12140.0. Canceling the option of continuing the growth of the DAX 30 will be the breakdown of the lower boundary area, as well as the moving average and the closing of the pair’s quotes below the area of 12060.0, which indicates a change in the trend in favor of the bearish on the DAX 30. In the event of a breakdown of the upper border of the indicator bars, The area above the level of 12380.0.
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