The stock index DAX 30 completes the trading week near the level of 12108. The index is trading below the lower boundary of the Cloud Ichimoku Kinko Hyo, which indicates the presence of a bearish trend for DAX 30. As part of the DAX 30 weekly forecast & analysis September 17 — 21, 2018, lines Ichimoku Kinko Hyo near the level of 12300, from which it is expected to attempt a rebound and continue the fall of the index with a potential target near the level of 11650.
DAX 30 weekly forecast & analysis September 17 — 21, 2018
An additional signal in favor of the fall of the stock index on the current trading week on September 17 — 21, 2018 will test the resistance level, as well as a rebound from the upper boundary of the bearish channel. Earlier, a medium strength signal was obtained for DAX 30 sales, due to crossing of the signal lines at the level of 12,600.
The cancellation of the decline in the 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 12550, which will indicate a change in the bearish trend in favor of a bullish trend and continued growth. Expect the acceleration of the fall in quotations of the exchange index in the current trading week is with the breakdown of the support area and the closing below the level of 11850.
DAX 30 weekly forecast & analysis September 17 — 21, 2018 suggests an attempt to test the level of resistance level near the area of 12,300, from which one should expect a rebound and the continuation of the fall of quotations of the index with a potential target near the level of 11650, the cancellation of the decline of quotations will cause a strong growth and breakdown of the region 12550, which will indicate the continued growth of the DAX.
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