DAX Index forecast for today 08/30/2016 - 30 August 2016 - free no deposit forex bonus
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Main » 2016 » August » 30 » DAX Index forecast for today 08/30/2016
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DAX Index forecast for today 08/30/2016

 

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Stock indexes in Europe fell, as investors continue to analyze the positive speeches by the American regulator in respect of monetary policy and the chances of a rate hike this year.

 

 

 

Current situation

The index showed a neutral mood and remained near the level of 10,520 on Monday. Bidding took place in a narrow range, limited levels of 10468 and 10560. Resistance is located at 10520 support - to 10,350.

 

MACD has decreased, which indicates the position gain sellers. RSI is neutral.

 

On the 4-hour chart, the price is sandwiched between the 50 EMA and the 100 EMA. EMA 50 is directed downward, and the 100-EMA-EMA 200 remains directed upward. Moving averages are still form a buy signal.

 

DAX forecast

10520 Level of an obstacle to the further reduction of price. If the index breaks this level, the way to 10350 is opened.

 

 

Research Fort Financial Services

 

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