Stock index DAX 30 is trading at 12877.7. DAX 30 continues to trade above the upper bound of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the DAX 30. A test is expected near the signal lines near the level of 12770.0, from which one should expect an attempt to increase quotations of the stock index and develop the bullish trend with the target of growth near the level of 13090.0.
DAX 30 forecast & signals on June 20, 2017
Earlier, we received a weak signal for buying DAX 30 exchange index, due to crossing of the signal lines at the level of 12620.0. Cancellation of the variant of growth of quotations of the stock index will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 12630.0, which will indicate a change in the bullish trend in favor of the 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 13050.0.
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