Stock index DAX 30 continue to move within the bullish channel. At the time of publication of the forecast, the exchange index rate is 12786. At the moment, we should expect an attempt of the test of the lower border of the uplink near the area of 12650. Where can we expect a rebound and the continued growth of quotations DAX 30 in the region above the level of 13120.
DAX 30 forecast & technical analysis August 1, 2018
In favor of the growth of quotations of the stock index, a trend line test will be performed on the indicator of relative strength index (RSI), as well as a test of the support level. Cancellation of the variant of growth of quotations of the index will be the fall and breakdown of the area of 12450, which will indicate the breakdown of the lower border of the channel and the continuation of the fall of the DAX 30 with a target below 12,200. Expect the acceleration of quotations growth DAX 30 stands with the breakdown of the resistance area and the closing above the level of 12890.
DAX 30 forecast & technical analysis August 1, 2018 suggests an attempt to test the bottom of the uplink near the 12650 area and continue growth with a potential target above the level of 13120, in favor of the growth of quotes, the trend line test on the indicator of relative strength index (RSI) will perform.