DAX 30 weekly forecast on May 15 — 19, 2017

Stock index DAX 30 completes the trading week at the level of 12763.2. DAX 30 is trading above the moving average with a period of 55, indicating a bullish trend for the DAX 30. The stock index moves near the upper boundary of the Bollinger Bands indicator bars. It is expected to test the average border of the Bollinger Bands indicator bars near the level of 12400.0, 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 13115.0.

DAX 30 weekly forecast on May 15 — 19, 2017

DAX 30 weekly forecast on May 15 — 19, 2017

The conservative shopping area is located near the lower border of the Bollinger Bands indicator strip at 11900.0. Cancellation of the DAX 30 growth option 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 quotes of the index below the area 11460.0, which indicates a change in the trend in favor of the bearish by the DAX 30. In the event of a breakdown of the upper boundary of the indicator bands, The growth of the exchange index in the area above the level of 13115.0.


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