DEYAAR Technical OverviewPosted on Wednesday, January 17 2018 at 5:46 am GMT+0000
Weekly reversal activated.
Following the formation of a new weekly bottom above 0.450 prices surged sharply and broke above 0.565, indicating towards a new Bullish stage in the long term. The break above 0.565 should have been attracted long term traders having caused a Bullish weekly trend reversal that increased odds for an extended move towards 0.625 initially. Above that level a stronger rally is expected that will probably expand beyond the 2017 top and most probably reach the 0.720 area. Only a fall below 0.470 can ease the long term momentum and shift focus back towards the 0.400 low.