Stock index DAX 30 continue to move within the bearish channel. At the time of the publication of the forecast, the exchange index rate is 10835. At the moment, we should expect an attempt to grow and test the resistance level near the area of 11005. Where should we expect a rebound and the continuation of the fall of the DAX 30 quotes to the area below the level of 10080.
DAX 30 Index Forecast and Analysis January 10, 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 option of falling index quotations will be a strong growth and a breakdown of the area of 11200. 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 11450. 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 10650.
DAX 30 Index Forecast and Analysis January 10, 2019 suggests an attempt to test the upper limit of the downward channel near the 11005 area. Then, the continuation of the fall with the potential target below the level of 10080. A test of the trend line on the relative strength index (RSI) will be in favor of lowering the quotes. Cancellation of the fall option will be the breakdown of the area 11200.