Stock index DAX 30 completes the trading week at the level of 12556.8. DAX 30 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates that there is an upward trend in the DAX 30. The stock index is expected to fall near the level of 12330.0, from which it is expected to try to grow and develop the bullish trend of the Stock index with the target of growth near the level of 13000.0.
DAX 30 forecast on May 29, 2017 — June 2, 2017
Earlier, a strong signal was received for the buy of the Stock index, due to the crossing of signal lines at the level of 12144.0. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area 12145.0, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of the Stock index stands with the breakdown of the local maximum area at the level of 12830.0.
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