Stock index DAX 30 continue to move in the downward channel. At the time of publication of the forecast, the exchange index rate is 11380. At this point, we should expect an attempt to test the upper limit of the downward channel near the area of 11420. Where should we expect a rebound and continued growth of DAX 30 quotes to the area below the level of 10750.
DAX 30 forecast & technical analysis November 1, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of a fall in the stock index quotes. Cancellation of the option of falling index quotations will be a strong growth and a breakdown of the area of 11550, which will indicate a breakdown of the upper boundary of the channel and continued growth of DAX 30 with a target above the level of 11800. Wait for the fall of quotes of the DAX 30 to accelerate with the breakdown of the support area and close below the level of 11200.
DAX 30 forecast & technical analysis November 1, 2018 involves an attempt to test the upper limit of the downward channel near the area of 11420 and continue to fall with a potential target below the level of 10750, a test of the trend line on the relative strength index (RSI) will act in favor of a fall in quotes, the cancellation option will be canceled breakdown of the area of 11550.
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