Stock index DAX 30 is trading at the level of 12685.7. DAX 30 continues to trade above the upper bound of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the DAX. 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 13040.0.
Technical analysis & forecast DAX 30 on June 8, 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. The cancellation of the growth of quotations of the exchange’s index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 12600.0, 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 exchange index DAX 30 stands with the breakdown of the local maximum area at the level of 12970.0.
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