Stock index DAX 30 continue to move within the downward channel. At the time of publication of the forecast, the exchange index rate is 11176. At the moment, we should expect an attempt to test the upper limit of the bearish channel near the area of 11350. Where should we expect a rebound and the continuation of the fall of the DAX 30 quotes to the area below the level of 10800.
DAX 30 forecast & technical analysis November 23, 2018
A test of the trend line on the relative strength index (RSI) will be in favor of reducing the stock index quotes. And also test the resistance level. Cancellation of the option of falling index quotations will be a strong growth and a breakdown of the area of 11450. This will indicate a breakdown of the upper boundary of the channel and continued growth of the DAX 30 with a target above the level of 11600.
DAX 30 forecast & technical analysis November 23, 2018 suggests an attempt to test the upper limit of the downward channel near the area of 11350. Then, the continuation of the fall with the potential target below the level of 10800. A test of the trend line on the relative strength index (RSI) will be in favor of lowering quotes. Cancellation of the fall option will be a breakdown of the area of 11450.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
