Stock index DAX 30 continue to move within the ascending channel. At this point, we should expect an attempt to test the lower boundary of the uplink near the area of 12620. Where can we expect a rebound and the continued growth of quotations DAX 30 in the area above the level of 13100.
DAX 30 forecast & technical analysis July 27, 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). The cancellation of the variant of the growth of the index’s quotes will be the drop and breakdown of the area 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 the level of 12200. To expect confirmation of the growth of quotations DAX 30 stands with the breakdown of the upper limit of the model «Triangle» and closing above the level 12850 .
DAX 30 forecast & technical analysis July 27, 2018 suggests an attempt to test the bottom of the uplink near the 12620 area and continue growth to the area above the level of 13100, in favor of the growth of quotations will perform a test of the support line on the indicator of relative strength index (RSI).