Stock index DAX 30 continue to move within the bearish channel. At the moment of publication of the forecast, the exchange index rate is 10876. 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 10215.
DAX 30 Index Forecast and Analysis January 17, 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 limit of the channel and continued growth of DAX 30 with a target above the level of 11650. Wait for the decline of quotes of the DAX 30 to stand with the breakdown of the support area and close below 10650.
DAX 30 Index Forecast and Analysis January 17, 2019 suggests an attempt to test the upper limit of the downward channel near the area of 11005. Then, the continuation of the fall with the potential target below the level of 10215. A test of the trend line on the relative strength index (RSI) will be in favor of lowering the quotes. The cancellation of the fall option will be the breakdown of the area of 11200. This will indicate continued growth in the area above the 11650.