Stock index DAX 30 is trading at the level of 12761.5. 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 12640.0 is expected, from which it is expected to try to grow and develop the bullish trend of the DAX 30 Stock Index for growth near the level 12890.0.
Technical Analysis and Forecast DAX 30 on May 12, 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. The cancellation of the variant of the growth of quotations of the stock 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 12510.0, which will indicate a change in the upward trend in favor of a 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 12820.0.
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