The stock index DAX 30 is trading at the level of 12741.9. DAX 30 is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the DAX 30. A test of the signal line area near the level of 12640.0 is expected, from which it is expected to attempt an increase and development of the bullish trend for the DAX 30 Index for growth near the level of 12870.0.
Technical analysis & forecast DAX 30 on May 11, 2017
Previously, a strong signal was obtained for the DAX 30 exchange index purchases, due to intersection of the signal lines at the level of 12457.0. Cancellation of the variant of growth of quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 12520.0, which will indicate a change in the upward trend in favor of the downward 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 12800.0.
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