Stock index DAX 30 is trading at the level of 12712.4. 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 upper limit near the level of 12680.0 is expected, from which it is expected to try to increase quotations of the stock index and develop a bullish trend near the level of 12960.0.
DAX 30 forecast & analysis on June 9, 2017
Earlier, we received a weak signal for buying of the exchange index, 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 stock exchange index DAX 30 stands with the breakdown of the local maximum area at the level of 12900.0.
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