DAX 30 is trading at 12408. The stock index DAX 30 is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the DAX 30. The Ichimoku Kinko Hyo Cloud lower limit test is expected near the level of 121500, from which it is expected to attempt a rebound and the development of a bearish trend for the DAX 30 to reduce near the level of 11850.
DAX 30 forecast & analysis on February 16, 2018
Earlier, we received a weak signal for sell of DAX 30, due to the crossing of signal lines at the level of 13350. Cancellation of the variant of falling quotations of the stock index will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 12750, which will indicate the change of the bearish trend in favor of the bullish trend. Expect to accelerate the fall of quotations of the stock index is with the breakdown of the lower limit of the model «Triangle» closing below the level of 12050.
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