Stock index DAX 30 continue to move in the framework of growth and the upward channel. At the time of the publication of the forecast, the exchange rate is 10648.0. Moving averages indicate a bullish trend. As part of the forecast for the exchange rate of the DAX 30 index for April 14, 2020, we should expect an attempt to correct and test the support level near the area of 10025.0. Where can we expect a rebound and continued growth of DAX 30 quotes in the area above the level of 12375.0.
DAX 30 Index Forecast and Analysis April 14, 2020
A test of the rising trend line on the relative strength index (RSI) will favor the growth of quotations of the stock index. The second signal will be a rebound from the lower downward channel. Cancellation of the growth option index quotes will be a fall and a breakdown of the area of 9685.0. This will indicate a breakdown of the lower boundary of the channel and continued fall of the DAX 30 with a target below the level of 9025.0. Expect to accelerate the growth of quotations is with the breakdown of the resistance area and closing above 11035.0.
DAX 30 Index Forecast and Analysis April 14, 2020 implies an attempt to test the lower border of the upward channel near the area of 10025.0. Then, continued growth with a potential target below the level of 12375.0. A test of the trend line on the relative strength index (RSI) will be in favor of raising quotes. Cancellation of the growth option will be a fall and a breakdown of the area of 9685.0. This will indicate a continued decline to the area below 9025.0.
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