The stock index DAX 30 is trading at the level of 12018.6. DAX 30 continues to trade below the level of the moving average with a period of 55, indicating a bearish trend for DAX 30. Stock index quotes test the average border of the Bollinger Bands indicator bars. The index is expected to grow near the level of 12100.0, where again we should expect an attempt to continue the fall and further develop the bearish trend with the first target near the level of 11870.0.
Bollinger Bands forecast DAX 30 on April 21, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 12150.0. Canceling the option of continuing the fall of DAX 30 will be a breakdown of the moving average region with a period of 55, as well as the upper border of the bands and the closing of quotations of the index above the area of 12200.0, 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 bands, The fall of the exchange’s index in the area below the level of 11870.0.
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