Stock index DAX 30 is trading at 12977. DAX 30 is trading above the upper Ichimoku Kinko Hyo Cloud, indicating an uptrend in the DAX 30. A test of the Ichimoku Kinko Hyo signal line area near 12885 is expected, from which it is expected to try to grow and further develop bullish trend with the target of growth near the level of 13200. 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 October 11, 2017
Earlier, we received a weak signal for buy of the DAX 30 stock index, due to crossing of the signal lines at 12070. The cancellation of the growth of the 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 12,600, which will indicate a change in the bullish trend in favor of bearish trend. 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 13050.