Stock index DAX 30 continue to move in the ascending channel. At the time of publication of the forecast, the exchange-rate index is 12335. Moving averages indicate an uptrend. At the moment, we should expect an attempt to reduce and test the support level near the area of 12055. Where should we expect a rebound and continued growth of the DAX 30 quotes to the area above the level of 12750.
DAX 30 Index Forecast and Analysis April 26, 2019
In favor of the rise of quotations of the stock index will test the rising trend line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the rising channel. Cancellation of the index quotes growth option will be a fall and a breakdown of the area of 12025. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of DAX 30 with a target below the level of 11750. Wait for the DAX 30 quotes growth to accelerate with the breakdown of the resistance area and closure above 12455.
DAX 30 Index Forecast and Analysis April 26, 2019 implies an attempt to test the lower boundary of the ascending channel near the area of 12055. Then, growth will continue with a potential target above the level of 12750. A test of the trend line on the relative strength index (RSI) will be in favor of raising the quotes. The cancellation of the growth option will be the breakdown of the area of 12025. This will indicate a continuation of falling into the area below 11750.
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