Stock index DAX 30 is trading at 12840.6. DAX 30 continues to trade above the upper bound of the Ichimoku Kinko Hyo Cloud, which indicates an bullish trend in the DAX 30. The stock index is expected to fall near the level of 12750.0, from which it is expected to try to increase quotations of the stock index and develop the bullish trend with the first target near the level of 13060.0.
DAX 30 forecast and analysis on June 15, 2017
Earlier, we received a weak signal for buying of the Stock index DAX 30, due to crossing of the signal lines at the level of 12620.0. The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 12620.0, which will indicate a shift in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of the exchange index DAX 30 stands with the breakdown of the local maximum area at the level of 13000.0.
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