Stock index DAX 30 continue to move in the ascending channel. At the time of the publication of the forecast, the exchange index rate is 12296. Moving averages indicate the presence of an upward trend. At the moment, we should expect an attempt to reduce and test the support level near the area of 12165. 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 30, 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 growth rate of the index quotes will fall and the 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 acceleration of the growth of quotes DAX 30 stands with the breakdown of the resistance area and closing above the level of 12425.
DAX 30 Index Forecast and Analysis April 30, 2019 implies an attempt to test the lower boundary of the ascending channel near the area of 12165. Then continued growth with a potential target above the level of 12750. The trend line test 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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