Stock index DAX 30 is trading at the level of 12629.4. DAX 30 is trading within the Ichimoku Kinko Hyo Cloud, which indicates the presence of a lateral trend for the DAX 30. The Ichimoku Kinko Hyo Cloud upper limit test is expected near the level of 12670.0, where one should expect an attempt to drop quotations of the stock index and develop a bearish trend near the level of 12380.0.
Technical analysis & forecast DAX 30 on May 25, 2017
Earlier, a weak signal was received for the sale of the Stock index DAX 30, due to crossing of the signal lines at the level of 12674.0. The cancellation of the variant of falling quotations of the stock index will be the breakdown of the upper boundary of the Cloud of Ichimoku Kinko Hyo with the closing of quotations above the area of 12710.0, which will indicate a change in the downward 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 12450.0.