Stock index DAX 30 is trading at the level of 12199.1. DAX 30 continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the DAX 30. The DAX 30 is expected to fall to the level of 12350.0, from which it is expected to attempt a fall and further development of the bearish trend in order to decrease near the level of 11970.0.
Stock index DAX 30 forecast & analysis July 25, 2017
Earlier, a medium strength signal was obtained for the sales of the DAX 30 exchange index, due to crossing of the signal lines at the level of 12519.0. Cancellation of the variant of the fall in quotations of the stock index will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 12510.0, 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 is with the breakdown of the local minimum area at 12040.0.
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