Stock index DAX 30 ends the trading week near the level of 11637. The index is trading above the upper limit of the Ichimoku Kinko Hyo Cloud. This indicates the presence of a bullish trend on the DAX 30. As part of the publication of the DAX 30 weekly forecast March 4 — 8, 2019, a test of the Ichimoku Kinko Hyo signal line region is expected near the 13325 level. level 12280.
DAX 30 weekly forecast March 4 — 8, 2019
An additional signal in favor of the growth of the stock index in the current trading week March 4 — 8, 2018 will be a test of the support level. The second signal will be a rebound from the lower boundary of the rising channel. Earlier, a weak signal was received for BUY the DAX 30. The signal was formed due to the intersection of signal lines at 10,750.
Cancellation of the growth of quotations of the stock index will fall and the breakdown of the lower border of the Ichimoku Kinko Hyo Cloud with the close of quotes below the area of 10850. This will indicate a change in the upward trend in favor of the downward trend and the continuation of the fall. Expect to accelerate the growth of quotations of the stock index in the current trading week stands with the breakdown of the resistance area and closing above the level of 11850.
DAX 30 weekly forecast March 4 — 8, 2019 implies an attempt to test the support level level near 13325. Where should we expect a rebound and continued growth of the index quotes with a potential target near the level of 12280. A drop in the quotes growth option will occur and a breakdown of the 10850 This will indicate a continued decline in the DAX rate.