Stock index DAX 30 is trading at the level of 11934.3. DAX 30 began moving below the moving average with a period of 55, indicating a bearish trend for DAX 30. At the moment, the stock market quotes are testing the average border of the bars of the indicator Bollinger Bands. It is worth waiting for an attempt to grow and test the middle border of the bands near the level of 11980.0, where again we should expect an attempt to continue falling with the first target near the level of 11800.0.
Bollinger Bands forecast DAX 30 on March 28, 2017
The conservative sales area is located near the upper boundary of the Bollinger Bands indicator bars at 12090.0. Canceling the option of continuing the fall of DAX 30 will be a breakdown of the upper border area, as well as the moving average and the closing of the pair’s quotes above the area of 12120.0, which indicates a change in the trend in favor of bullish DAX 30. In the event of a breakdown of the lower border of the indicator bars, The area is below the level of 11800.0.
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