Stock index DAX 30 continue to move in the bearish channel. At the time of publication of the forecast, the exchange index rate is 11409. At the moment, we should expect an attempt to test the upper limit of the downward channel near the area of 11,500. Where can we expect a rebound and continued growth of the DAX 30 quotes to the area below the level of 10690.
DAX 30 forecast & technical analysis October 30, 2018
A test of the trend line on the relative strength indicator 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 breakdown of the area of 11650, which will indicate breakdown of the upper boundary of the channel and continued growth of the 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 10900.
DAX 30 forecast & technical analysis October 30, 2018 involves an attempt to test the upper limit of the downward channel near the 11,500 area and continue to fall with a potential target below 10690, a test of the trend line on the relative strength indicator will act in favor of a drop in quotations; breakdown of the area of 11650.
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