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 13469.7. Moving averages indicate a bullish trend. As part of the DAX 30 exchange rate forecast for January 10, 2020, we should expect an attempt to lower and test the support level near the area of 13065.0. Where can we expect a rebound and continued growth of DAX 30 quotes in the area above the level of 13975.0.
DAX 30 Index Forecast and Analysis January 10, 2020
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 index quotes will be a fall and a breakdown of the area of 12990.0. This will indicate a breakdown of the lower boundary of the channel and continued fall of the DAX 30 with a target below the level of 12565.0. Expect to accelerate the growth of quotations is with the breakdown of the resistance area and closing above the level of 13575.0.
DAX 30 Index Forecast and Analysis January 10, 2020 suggests an attempt to test the lower boundary of the ascending channel near the area of 13065.0. Then, continued growth with a potential target below the level of 13975.0. A test of the trend line on the relative strength index (RSI) will be in favor of raising quotes. Cancellation of the growth option will be a fall and a breakdown of the area of 12990.0. This will indicate a continued decline to the area below 12565.0.
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