The Stock index DAX 30 completes the trading week at the level of 12710.8. DAX 30 continues to trade above the upper boundary of the Ichimoku Cloud, which indicates the presence of an upward trend in the DAX 30. A test of the signal line area near the level of 12372.0 is expected, from which one should expect an attempt to grow and develop the bullish trend at the DAX 30 Stock Index with a target of growth to the level of 12920.0.
Ichimoku Kinko Hyo DAX 30 Forecast May 8 — 12, 2017
Previously, a strong signal was obtained for the purchases of the DAX 30 Stock Index, due to crossing of the signal lines at the level of 12144.0. 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 11980.0, which will indicate a shift in the upward trend in favor of a 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 12800.0.
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