The stock index DAX 30 completes the trading week near the level of 12213. The index is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a downward trend for DAX 30. Within the DAX 30 weekly forecast & analysis October 1 — 5, 2018, lines Ichimoku Kinko Hyo near the level of 12345, where we can expect a rebound attempt and continue the fall of the index with a potential target near the level of 11600.
DAX 30 weekly forecast & analysis October 1 — 5, 2018
An additional signal in favor of the fall of the stock index on the current trading week on October 1 — 5, 2018 will be a resistance level test, as well as a rebound from the upper boundary of the bearish channel. Earlier, we received a weak signal for DAX 30 buy, due to the crossing of signal lines at 12240 level.
The cancellation of the variant of falling quotations of the stock index will be a strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes above the area of 12530, which will indicate a change in the downward trend in favor of an upward trend and the continuation of growth. Expect to accelerate the fall in quotations of the stock market index in the current trading week, with the breakdown of the lower limit of the «Triangle» model and the closing below the level of 11,900.
DAX 30 weekly forecast & analysis October 1 — 5, 2018 suggests an attempt to test the level of the resistance level near the area of 12345, from which it is expected to rebound and continue falling quotations of the index with a potential target near the level of 11600, the cancellation of the decline of quotations will cause a strong growth and breakdown of the region 12530, which will indicate the continued growth of the DAX exchange rate.
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