The stock index DAX 30 is trading at the level of 12241.9. DAX 30 continues to trade above the moving average with a period of 55, which indicates the existence of a bullish trend for DAX 30. At the moment, stock market quotes test the average border of the bars of the indicator Bollinger Bands.
It is worth waiting for an attempt to drop and test the lower border of the bands near the level of 12220.0, where again we should expect an attempt to continue growth with the first target near the level of 12400.0.
Bollinger Bands DAX 30 Forecast on April 6, 2017
The conservative shopping area is located near the lower border of the Bollinger Bands indicator bars at 12230.0. The cancellation of the DAX 30 growth option will be the breakdown of the lower border area, as well as the moving average and the closing of the pair’s quotes below the area of 12150.0, which indicates a change in the trend in favor of the bearish by DAX 30. In the event of breakdown of the upper limit of the indicator bands, Area above the level of 12400.0.
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