DEYAAR Technical Overview
Posted on Wednesday, August 30 2017 at 4:46 am GMT+0000Exhausted at 0.550.
Medium term traders continue to be neutral while trend characteristics remain Bearish. Only a daily reversal above 0.550 would postpone the decline and allow for medium term long positions. Bearish momentum is expected to return towards a deeper decline, as long as prices remain below the mentioned level. Short term traders shall be monitoring for stronger signs of support above 0.510 before reinstating long positions, where only a sustained rally above 0.530 could shift focus to the upside and open the way for a retest of 0.550.
| DEYAAR-EN 2017-08-30 |
