Bollinger Bands forecast DAX 30 for May 1 — 5, 2017

The Stock index DAX 30 completes the trading week at 12435.7. DAX 30 is trading above the moving average with a period of 55, indicating a bullish trend for DAX 30. Stock index benchmarks test the upper boundary of the Bollinger Bands indicator bars. It is expected to test the average border of the indicator bars near the level of 12232.0, where again we should expect an attempt to continue growth and further development of the bullish trend with the first target near the level of 12770.0.

Bollinger Bands forecast DAX 30 for May 1 — 5, 2017

Bollinger Bands forecast DAX 30 for May 1 — 5, 2017

The conservative buying area is near the lower border of the Bollinger Bands indicator strip at 11908.0. Canceling the option of continuing the growth of DAX 30 will be a breakdown of the moving average with a period of 55, as well as the lower border of the indicator bars and the closing of the quotations of the index below the area of ​​11660.0, which indicates a change in the trend in favor of the bearish by DAX 30. In the event of a breakdown of the upper boundary of the indicator bands, The growth of the exchange’s index in the area above the level of 12770.0.


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