Stock index DAX 30 is trading at the level of 12631.7. DAX 30 is trading within the Ichimoku Kinko Hyo Cloud, indicating a lateral trend in the DAX 30. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 12650.0, from which it is expected to try to drop quotations of the stock index and develop a bearish trend near the level of 12410.0.
Stock index DAX 30 forecast on May 31, 2017
Earlier, a weak signal was received for the sales of the exchange index, due to crossing of the signal lines at the level of 12680.0. Cancellation of the 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 12730.0, 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 12460.0.
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