Stock index DAX 30 is trading at the level of 12076.1. 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 test the upper boundary of the Bollinger Bands indicator bars. The growth of quotations of the index near the level of 12100.0 is expected, 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 11920.0.
Bollinger Bands forecast DAX 30 on April 24, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 12080.0. Canceling the option of continuing the fall of the DAX 30 will be a breakdown of the upper border of the bands, as well as a moving average with a period of 55 and the closing of quotations of the index above the area of 12150.0, indicating 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 11920.0.
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