Stock index DAX 30 is trading at the level of 12772.8. DAX 30 is trading above the upper bound of the Ichimoku Kinko Hyo Cloud, indicating an upward trend in the DAX 30. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 12680.0, from which it is expected to try to increase quotations of the stock index and develop a bullish trend near the level of 12990.0.
Stock index DAX 30 forecast for June 7, 2017
Earlier, we received a weak signal for buying of the exchange index, due to crossing of the signal lines at the level of 12620.0. Cancellation of the variant of growth of quotations of the stock index will be a breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 12530.0, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the stock index DAX 30 stands with the breakdown of the local maximum area at the level of 12920.0.
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