DAX 30 forecast & technical analysis December 25, 2018


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Stock index DAX 30 continue to move within the bearish channel. At the moment of publication of the forecast, the exchange index rate is 10516. At the moment, we should expect an attempt to grow and test the resistance level near the area of ​​10665. Where should we expect a rebound and the continuation of the fall of the DAX 30 quotes to the area below the level of 10150.

DAX 30 forecast & technical analysis December 25, 2018

In favor of reducing the stock index quotes, a test of the trend line on the relative strength index (RSI) will come out. As well as a rebound from the upper boundary of the channel. Cancellation of the option of falling index quotations will be a strong growth and a breakdown of the area of ​​10750. This will indicate a breakdown of the upper boundary of the channel and continued growth of the DAX 30 with a target above the level of 11150. Wait for the decline of quotes of the DAX 30 to accelerate with the breakdown of the support area and closing below 10450.

DAX 30 forecast & technical analysis December 25, 2018

DAX 30 forecast & technical analysis December 25, 2018 suggests an attempt to test the upper limit of the downward channel near the area of ​​10665. Then, the continuation of the fall with the potential target below the level of 10150. A test of the trend line on the relative strength indicator will be in favor of lowering the quotes. Cancellation of the fall option will be the breakdown of the area 10750.


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