Stock index DAX 30 is trading at the level of 13376.3. DAX 30 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the DAX 30. The Irzhine index is expected to fall to the level of 13250.0, from which it is expected to attempt an increase and further development of the bullish trend with a target to growth near the level of 13720.0. Earlier, a weak signal was obtained for the buy of the exchange index DAX 30, due to the crossing of the signal lines at the level of 12950.0.
DAX 30 forecast & analysis on January 10, 2018
The cancellation of the growth of quotations of the exchange 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 12870.0, which will indicate a change in the bullish trend in favor of the bearish 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 13600.0.