The stock index DAX 30 completes the trading week near the level of 12085. The index is trading below the Ichimoku Kinko Hyo Cloud, indicating a downward trend on the DAX 30. As part of the DAX 30 weekly forecast & analysis October 8 — 12, 2018 are expected Ichimoku Kinko Hyo clouds near the level of 12225, from where it is necessary to expect an attempt of a rebound and the continuation of the fall of the index with a potential target near the level of 11450.
DAX 30 weekly forecast & analysis October 8 — 12, 2018
An additional signal in favor of the fall of the stock index in the current trading week of 8 — 12, 2018 will be a test of the resistance level, as well as a rebound from the upper limit of the downward channel. Previously, a strong signal was obtained for sell of the DAX 30, due to the crossing of signal lines at 12180.
Cancellation of the fall in quotations of the stock index will be a strong growth and breakdown of the upper boundary of the Ichimoku Kinko Hyo Cloud with the close of quotes above the area of 12380, which will indicate a change in the downward trend in favor of upward and continued growth. Expect to accelerate the fall of quotations of the stock index in the current trading week stands with the breakdown of the lower boundary of the model «Triangle» and closing below the level of 11880.
DAX 30 weekly forecast & analysis October 8 — 12, 2018 suggests an attempt to test the resistance level level near the 12225 area, from which we can expect a rebound and a continuation of the fall in the index quotations with a potential target near the level of 11450.
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