Stock index DAX 30 is trading at 12250. DAX 30 is trading above the upper boundary of the Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the DAX 30. The Ichimoku Kinko Hyo Cloud is expected to test near the 12150 level, from which it is expected to attempt a rebound and develop a bullish trend on the DAX 30 for the target of growth near the level of 12795.
DAX 30 forecast & analysis on March 16, 2018
An additional signal in favor of the fall will test the level of support. Earlier, we received a weak signal for buy of the DAX 30, due to crossing of signal lines at the level of 12100.
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 quotes below the area of 12000, which will indicate a change in the bullish trend in favor of the bearish trend. Expect to accelerate the growth of quotations of the exchange’s index is with the breakdown of the upper boundary of the bearish channel and closing above the level of 12460.
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