Stock index DAX 30 is trading at the level of 12546.3. DAX 30 continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish in the DAX 30. The stock index is expected to fall to the level of 12390.0, from which it is expected to attempt a growth and further development of the bullish trend with a target to growth near the level of 12780.0.
Stock index DAX 30 forecast on September 20, 2017
Earlier, we received a weak signal for buying of the stock index DAX 30, due to the crossing of the signal lines at the level of 12070.0. The cancellation of the growth of quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 12150.0, which will indicate a change in the bullish trend in favor of a 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 12740.0.
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