The stock index DAX 30 is trading at the level of 12207.2. DAX 30 is trading above the moving average with a period of 55, indicating a bullish trend for DAX 30. At the moment, stock market quotes are testing a moving average with a period of 55. It is worth waiting for an attempt to fall and test the lower border of the bands near the level of 12150.0, Expect an attempt to continue growth with the first goal near the level of 12330.0.
Bollinger Bands DAX 30 Forecast on April 7, 2017
The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 12140.0. Canceling the option of continuing the DAX 30 growth 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 12080.0, which indicates a change in the trend in favor of the bearish by DAX 30. In case of breakdown of the upper limit of the indicator bands, The area above the level of 12330.0.
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