Stock index DAX 30 is trading at the level of 12450.7. DAX 30 is trading below the lower boundary of the Ichimoku Kinko Hyo Cloud, which indicates a bearish trend in the DAX 30. The stock index is expected to rise near the level of 12550.0, from which it is expected to try to fall quotations of the stock index and develop a bearish trend with a target to lower near the level of 12200.0.
Stock index forecast DAX 30 & analysis on July 6, 2017
Earlier, a weak signal was received for the sales of the exchange index DAX 30, 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 quotes above the area of 12700.0, which will indicate the change of 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 12270.0.
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