Stock index DAX 30 is traded at the level of 12040.4. DAX 30 is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the DAX 30. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 12200.0, from which it is expected to try to fall and further develop the bearish trend with a target to lower near the level of 11770.0.
Stock index DAX 30 forecast on August 11, 2017
Earlier, a strong signal was received for the sales of the DAX 30 exchange index, due to crossing of the signal lines at the level of 12210.0. Cancellation of the variant of falling 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 12450.0, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations of the stock exchange index DAX 30 stands with the breakdown of the local minimum area at the level of 11840.0.
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