The stock index DAX 30 completes the trading week near the level of 12571. The index is traded inside the Ichimoku Kinko Hyo Cloud, which indicates the presence of a flat trend for the DAX 30. The lower boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 12450, from which it is expected to attempt a rebound and continue the growth of the index with a view to climb near the level of 13445.
DAX 30 weekly forecast & analysis July 16 — 20, 2018
An additional signal in favor of the growth of the stock index on the current trading week on July 16 — 20, 2018 will be a test of the penetrated support level, as well as the lower boundary of the bullish channel. Earlier, we received a weak signal for sell of the stock index DAX 30, due to crossing of signal lines at the level of 12750.
The cancellation of the growth of the quotations of the index will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes below the area of 12300, which will indicate a change in the flat trend in favor of the bearish trend and the continuation of the fall. Expect to accelerate the growth of quotations of the stock index in the current trading week is with the breakdown of the upper boundary of the Cloud Ichimoku Kinko Hyo and the closing above the level of 13000.
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