Stock index DAX 30 is trading at the level of 12661.9. DAX 30 is trading within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend along the DAX 30. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the 12700.0 level, from which it is expected to try to drop quotations of the stock index and develop a bearish trend near the level of 12450.0.
DAX 30 forecast & analysis on May 26, 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. 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 quotes above the area of 12730.0, 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 the level of 12510.0.
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