Stock index DAX 30 continue to move in the ascending channel. At the time of the publication of the forecast, the exchange index rate is 12176. Moving averages indicate the presence of a bullish trend. As part of the DAX 30 stock exchange rate forecast, we should expect an attempt to reduce and test the support level near the area of 11985. Where should we expect a rebound and continued growth of the DAX 30 quotes to the area above the level of 12780.
DAX 30 Index Forecast and Analysis May 17, 2019
In favor of the rise of quotations of the stock index will test the rising trend line on the indicator of relative strength index (RSI). As well as a rebound from the lower boundary of the rising channel. Cancellation of the growth of quotations of the index will fall and the breakdown of the area 11755. This will indicate a breakdown of the lower boundary of the channel and the continuation of the fall of DAX 30 with a goal below the level of 11250. Wait for the acceleration of growth of quotations stands with the breakdown of the resistance area and closing above the level of 12425.
DAX 30 Index Forecast and Analysis May 17, 2019 implies an attempt to test the lower boundary of the ascending channel near the area of 11985. Then, continued growth with a potential target above the level of 12780. A test of the trend line on the relative strength index (RSI) will be in favor of raising the quotes. The cancellation of the growth option will be a breakdown of the area of 11755. This will indicate a continuation of falling into the area below 11250.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link