Stock index DAX 30 is trading at 13393. DAX 30 is trading above the upper limit of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the DAX 30. A test area for the Ichimoku Kinko Hyo signal lines near the level of 13200 is expected, from which it is expected to attempt a rebound and further development bull trend with the target of growth near the level of 13750. An additional signal in favor of the growth of the index will be a test of the lower boundary of the bullish channel.
DAX 30 forecast & analysis on November 9, 2017
Earlier, a strong signal was received for buy the DAX 30 stock index, by crossing the signal lines at the level of 13010. The cancellation of the growth of the quotations of the exchange’s index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below area 12940, which will indicate a change in the bullish trend in favor of bearish. 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 13550.
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