ARTC Technical OverviewPosted on Thursday, April 20 2017 at 4:34 am GMT+0000
Probable double bottom.
Long term positions continue to remain neutral, where stronger signs of a bottom are needed before any Bullish scenarios can materialize. However, the medium term is actively testing an important resistance level at 1.000. Further Bullish pressure would activate a daily trend reversal and indicate to a further rally in the direction of 1.110 and 1.290 levels. At the other hand, as the market prepares that daily resistance, failure to convincingly break above it within the next trading week would signal weakness and reinstate Bearish pressure to a return inside the short term consolidation.