Stock index DAX 30 is trading at 13035. DAX 30 is trading below the lower boundary of Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in DAX 30. A test area for Ichimoku Kinko Hyo signal lines near the level of 13140 is expected, from which it is expected to attempt a rebound and further development bearish trend with a target to falling near the level of 12750.
DAX 30 forecast & analysis on November 16, 2017
Earlier, a weak signal was received for the sell of the stock index DAX 30, due to crossing of the signal lines at the level of 13340. The abolition of the variant of falling quotations of the stock index will be the breakdown of the upper boundary of Cloud I chimoku Kinko Hyo with the closing of quotes above the area of 13400, which indicates the change of 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 12910.
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