The stock index DAX 30 is trading at 12198.3. DAX 30 is trading above the moving average with a period of 55, indicating a bullish trend for the DAX 30. At the moment, stock market quotes are testing the upper boundary of the Bollinger Bands indicator bars. One should expect an attempt to drop and test the middle border of the bands near the 12100 level, where again we should expect an attempt to continue growth with the first target near the level of 12,280.
Bollinger Bands Forecast DAX 30 on March 30, 2017
The conservative buy area is located near the lower border of the Bollinger Bands indicator strip at 11930. By abolishing the DAX 30 growth option, Breakdown of the lower boundary area, as well as the moving average and the closing of quotes below the area of 11880, which indicates a change in the trend in favor of the bearish on the DAX 30. In the event of a breakdown of the upper boundary of the indicator bars, rhenium growth of stock indices in the region above the level of 12280.
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