Stock index DAX 30 is trading at 13146. DAX 30 is trading above the upper Ichimoku Kinko Hyo Cloud, indicating a bullish trend in the DAX 30. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 13015, from which it is expected to try to grow and further develop bull trend with the purpose of growth near the level of 13450. An additional signal in favor of the growth of the index will be a test of the lower boundary of the bullish channel.
DAX 30 forecast & analysis on October 30, 2017
Earlier, a strong signal was received for buy the DAX 30 index, by crossing the signal lines at the level of 13010. The cancellation of the growth of the quotations of the stock index will be the breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 12840, which will indicate a shift in the bullish trend in favor of bearish. 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 13050.
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