DEYAAR Technical OverviewPosted on Monday, December 19 2016 at 5:31 am GMT+0000
Shift in market sentiments.
Bullish scenarios on the long term remains on hold, as the market is consolidating. In the medium term, although the recent rally has broken through initial pivot at 0.560, traders shall wait for a better technical picture before attempting to materialize any market entries. Moving to the short term, traders shall be cautious, as the near-term oscillators are warning of a consolidation or a slight decline that could reach the 0.615 level, and wait patiently for clearer entry signals. At the meantime, only a break above 0.645 could restore the near-term Bullish bias.