Stock index DAX 30 is trading at 12128. The index continues to move above the upper boundary of the Ichimoku Kinko Hyo Cloud. This indicates the presence of an upward trend in the DAX 30. As part of the forecast index rate. A test of the upper boundary of the Ichimoku Kinko Hyo Cloud is expected near the level of 11900. Where should we expect an attempt to rebound and continue the growth of the index with a target near the level of 12550.
DAX 30 Forecast and Analysis April 18, 2019
An additional signal in favor of the growth of the stock index will be the test of the lower boundary of the upward channel. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a strong signal was received for BUY the DAX 30. The signal was received due to the intersection of signal lines at the level of 11990.
Cancellation of the growth of quotations of the stock index will be the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the closing of quotations below the area of 11595. This will indicate a change in the upward trend in favor of a downward trend and a further decline. Expect to accelerate the growth of stock index quotes with the breakdown of the upper boundary of the upward channel and closing above the level of 12350.
DAX 30 Forecast and Analysis April 18, 2019 suggests an attempt to test the support level near the area of 11900. From where we should expect a further rise in the DAX 30 quotes with a potential target near the level of 12550. The decline and the breakdown of the area of 11595 will cancel the index growth option. It is expected to continue the decline in quotations.