Stock index DAX 30 is trading at the level of 12794.5. DAX 30 continues to trade above the upper boundary of the Ichimoku Kinko Hyo Cloud, which indicates an upward trend in the DAX 30. A test of the signal line area near the level of 12680.0 is expected, from which one should expect an attempt to grow and develop the bullish trend of the Stock Index DAX 30 for growth near the level 12920.0.
Technical analysis & DAX 30 forecast on May 17, 2017
Previously, a strong signal was obtained for the buy Stock Index DAX 30, due to crossing of the signal lines at the level of 12457.0. The cancellation of the growth of quotations of the Stock Index DAX 30 will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 12500.0, which will indicate the change of the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations of the Stock Index DAX 30 with the breakdown of the local maximum area at the level of 12860.0.
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