Stock index DAX 30 continue to move within the downward channel. At the time of publication of the forecast, the exchange index rate is 11,129. At the moment, we should expect an attempt to grow and test the resistance level near the area 11205. Where should we expect a rebound and the continuation of the fall of the DAX 30 quotes to the area below 10555.
DAX 30 Index Forecast and Analysis February 13, 2019
In favor of reducing the stock index quotes, a test of the trend line on the relative strength index (RSI) will come out. As well as a rebound from the upper boundary of the channel. Cancellation of the drop in the index quotes will be a strong growth and breakdown of the 11280 area. This will indicate a breakdown of the upper boundary of the channel and continued growth of the DAX 30 with a target above the level of 11550. Wait for the decline of quotes of the DAX 30 to accelerate with the breakdown of the support area and close below the level of 10850.
DAX 30 Index Forecast and Analysis February 13, 2019 suggests an attempt to test the upper limit of the downward channel near the area of 11205. Then, the continuation of the fall with the potential target below the level of 10555. A test of the trend line on the relative strength index (RSI) will be in favor of lowering the quotes. The breakdown of the fall option will be the breakdown of the area 11280. This will indicate continued growth in the area above 11550.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
