Stock index DAX 30 is trading at the level of 12589.9. DAX 30 is trading within the Ichimoku Kinko Hyo Cloud, indicating a flat trend over the DAX 30. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 12629.0, from which it is expected to try to fall and develop a bearish trend in the Stock index DAX 30 with the target of reducing near the level 12380.0.
Technical analysis & forecast DAX 30 on May 19, 2017
Previously, a strong signal was obtained for the buy Stock index DAX 30, due to crossing of the signal lines at the level 12457.0. The cancellation of the falling quotations of the stock index DAX 30 will be the breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 12740.0, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the Stock index DAX 30, with the breakdown of the local minimum area at 12450.0.
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