The Stock index DAX 30 is trading at the level of 12643.1. DAX 30 continues to trade above the upper limit of the Ichimoku Cloud, indicating an upward trend in the DAX 30. A test of the signal line area near the level of 12573.0 is expected, from which it is expected to attempt an increase and development of the bullish trend on the DAX 30 Index for growth to the level of 12770.0.
Ichimoku Kinko Hyo DAX 30 Forecast on May 5, 2017
Previously, a strong signal was obtained for the purchases of the DAX 30 Stock Index, due to the intersection of the signal lines at the level of 12457.0. The 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 12260.0, 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 Market Index DAX 30, with the breakdown of the local maximum area at the level of 12690.0.
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