Stock index DAX 30 is trading at the level of 12591.6. DAX 30 broke the Ichimoku Kinko Hyo Cloud and began to trade below its lower limit, which indicates a bearish trend in the DAX 30. The stock index is expected to fall near the level of 12530.0, then the lower limit of the Ichimoku Kinko Hyo Cloud near the level of 12600.0, Attempt to fall and develop a bearish trend on the Stock index DAX 30 to reduce near the level 12360.0.
DAX 30 forecast & analysis on May 23, 2017
Earlier, a weak signal was received for the sale of the Stock index DAX 30, due to crossing of the signal lines at the level of 12674.0. The cancellation of the falling quotations of the Stock index DAX 30 will be the breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area 12710.0, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the Stock index DAX 30 stands with the breakdown of the local minimum area at 12410.0.
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