Stock index DAX 30 is trading at the level of 12030.8. DAX 30 is trading below the lower boundary of the Ichimoku Cloud, which indicates a downward trend in the DAX 30. A test of the lower boundary of the Ichimoku Cloud near the level of 12035.0 is expected, from which one should expect an attempt to fall and develop a bearish trend at the DAX 30 stock index in order to decrease near the level of 11870.0.
Ichimoku Kinko Hyo DAX 30 forecast on March 27, 2017
Previously, a strong signal was received for the sale of the stock index, due to the intersection of the signal lines at the level of 11970.0. The abolition of the decline option will be a breakdown of the upper boundary of the Ichimoku Cloud with the closing of quotations above the area of 12070.0, which will indicate a change in the downward trend in favor of the ascending trend. Expect to accelerate the fall in quotations of the Stock Index DAX 30 is with the breakdown of the local minimum area at the level of 12010.0.
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