Stock index DAX 30 is trading at the level of 12735.6. DAX 30 is trading above the upper bound of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the DAX 30. A test of the Ichimoku Kinko Hyo Cloud’s upper boundary near the 12720.0 level is expected, from which it is expected to try to increase quotations of the stock index and develop a bullish trend for growth near the level 13020.0.
DAX 30 forecast & analysis on June 16, 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 the quotations of the stock index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 12570.0, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of the Stock index DAX 30 stands with the breakdown of the local maximum area at the level of 12960.0.
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