Stock index DAX 30 completes the trading week at 12300.7. DAX 30 continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in DAX 30. The stock index is expected to grow to the level of 12330.0, from which it is expected to try to fall and develop a bearish trend in the DAX 30 stock market index in order to reduce near the level 11770.0. Earlier, a strong signal was received for the sales of the DAX 30 stock index, due to crossing of the signal lines at the level of 12120.0.
DAX 30 weekly forecast on September 11 — 15, 2017
An additional signal in favor of a bearish trend will be a resistance area test. Cancellation of the variant of falling quotations of the stock index will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 12500.0, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the stock exchange index DAX 30 stands with the breakdown of the local minimum area at the level of 11850.0.
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