Stock index DAX 30 is trading at the level of 12446.8. DAX 30 continues to trade below the lower boundary of the Ichimoku Kinko Hyo Cloud, indicating a bearish trend in the DAX 30. The stock index is expected to rise near the level of 12540.0, 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 of 12240.0.
Stock index DAX 30 forecast & analysis on July 5, 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. Cancellation of 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 quotations above the area of 12690.0, 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 is with the breakdown of the local minimum area at the level of 12300.0.
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