Stock index DAX 30 is trading at the level of 12690.3. DAX 30 is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a downward trend in the DAX 30. A lower bound of the Ichimoku Kinko Hyo Cloud is expected near the level of 12710.0, where one should expect an attempt to drop quotations of the stock index and develop a bearish trend with the target of lowering near the level 12510.0.
Index DAX 30 forecast & analysis on June 28, 2017
Earlier, a weak signal was received for the sales of the DAX 30 exchange index, due to crossing of the signal lines at the level of 12782.0. Canceling the variant of falling quotations of the stock index will be a breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotes above the area of 12830.0, which will indicate a change in the bearish trend in favor of the bullish trend. Expect to accelerate the fall in quotations of the stock exchange index DAX 30 stands with the breakdown of the local minimum area at the level of 12550.0.
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