The stock index DAX 30 completes the trading week at 12435.7. DAX 30 is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the DAX 30. A test of the signal line area near the 12232.0 level is expected, from which it is expected to attempt a growth and development of the bullish trend for the DAX 30 Index for growth to the level of 12840.0.
Ichimoku Kinko Hyo DAX 30 Forecast May 1 — 5, 2017
Previously, a strong signal was obtained for the purchases of the DAX 30 Stock Index, due to crossing of the signal lines at the level of 12144.0. The cancellation of the variant of growth will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotes below the area of 11828.0, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations of the Stock Market Index DAX 30, with the breakdown of the local maximum area at the level of 12620.0.
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