Stock index DAX 30 is trading at the level of 12187.7. DAX 30 is trading within the Ichimoku Kinko Hyo Cloud, indicating a side trend on the DAX 30. Stock index is expected to rise to 12250.0, from which it is expected to try to fall and further develop the bearish trend in order to lower near the level of 11860.0. Earlier, we received a weak signal for buying of the exchange index DAX 30, due to the crossing of signal lines at 12140.0.
DAX 30 forecast & analysis on August 24, 2017
Cancellation of the variant of falling quotations of the stock index will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 12320.0, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the stock index DAX 30 is with the breakdown of the local minimum area at the level of 11910.0.
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