Stock index DAX 30 continue to move within the bearish channel. At this point, we should expect an attempt to test the upper border of the channel near the area of 12650. Where can we expect a rebound and a fall in quotations DAX 30 in the area below the level of 12200.
DAX 30 forecast & technical analysis April 19, 2018
In favor of falling quotations of the stock index, a downtrend line test will perform on the indicator of relative strength index (RSI). The cancellation of the drop in the index’s quotes will result in a strong growth and breakdown of the area of 12650, which will indicate the breakdown of the upper boundary of the descending channel and the continued growth of the DAX 30 with a target above the level of 13200. To expect confirmation of the fall of quotations DAX 30 stands with the breakdown of the support area and the closing below the level of 12300.
DAX 30 forecast & technical analysis April 19, 2018 involves an attempt to test the upper boundary of the descending channel near the area of 12650 and the continuation of the fall into the area below the level of 12200, in favor of falling quotes breakdown test of the resistance line on the indicator of relative strength index (RSI).
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