Stock index DAX 30 is trading at the level of 12794.5. DAX 30 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating an bullish trend in the DAX 30. The stock index is expected to fall near the level of 12670.0, from which it is expected to try to grow and develop the bullish trend of the Stock index DAX 30 for growth near level 12940.0.
Technical analysis and forecast DAX 30 on May 18, 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 will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 12560.0, 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 will be the breakdown of the local maximum area at the level of 12880.0.
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