Stock index DAX 30 is trading at the level of 12625.9. DAX 30 continues to be traded within the Ichimoku Kinko Hyo Cloud, which indicates a flat trend on the DAX 30. Exit of the stock index quotes from the Ichimoku Kinko Hyo Cloud near the level 12720.0 is expected, followed by the test of the upper boundary of the Ichimoku Kinko Hyo Cloud near the level 12670.0, attempt to grow and develop the bullish trend on the Stock index DAX 30 for the buy of growth near the level 12890.0.
DAX 30 forecast & analysis on May 22, 2017
Previously, a strong signal was obtained for the buy of the Stock index DAX 30, due to crossing of the signal lines at the level of 12457.0. The cancellation of the growth of quotations of the Stock index DAX 30 will be the breakdown of the lower boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations below the area of 12550.0, which will indicate a change in the bullish trend in favor of a bearish trend. Expect to accelerate the growth of quotations of the Stock index DAX 30 stands with the breakdown of the local maximum area at the level of 12820.0.