The Stock index DAX 30 completed the trading week at 12094.5. DAX 30 is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the DAX 30. The Ichimoku Cloud upper limit test is expected near the level of 11910.0, from which one should expect an attempt at growth and development of the bullish trend on the DAX 30 Stock Index for the growth to level 12400.0.
Ichimoku Kinko Hyo DAX 30 Forecast on April 17 — 21, 2017
Previously, a strong signal was obtained for the purchases of the Stock Index DAX 30, due to the intersection of the signal lines at the level of 11730.0. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 11700.0, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the Stock Exchange Index DAX 30, with the breakdown of the local maximum area at the level of 12200.0.
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