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 13224. Moving averages indicate a bullish trend. As part of the DAX 30 exchange rate forecast for December 19, 2019, we should expect an attempt to lower and test the support level near the area of 12990. Where can we expect a rebound and continued growth of DAX 30 quotes in the area above the level of 13765.
DAX 30 Index Forecast and Analysis December 19, 2019
In favor of the growth of quotations of the stock index, a test of the ascending trend line on the relative strength index (RSI) will come out. The second signal will be a rebound from the lower downward channel. Cancellation of the growth option for the index quotes will be a fall and a breakdown of the area of 12705. This will indicate a breakdown of the lower boundary of the channel and a continuation of the fall of the DAX 30 with a target below the level of 12250. Expect acceleration of the growth of quotations with a breakdown of the resistance area and closing above 13465.
DAX 30 Index Forecast and Analysis December 19, 2019 suggests an attempt to test the lower border of the ascending channel near the area of 12990. Then, growth will continue with a potential target below the level of 13765. A test of the trend line on the relative strength index (RSI) will be in favor of raising the quotes. Cancellation of the growth option will be a fall and a breakdown of the area of 12705. This will indicate a continued decline to the area below 12250.
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