DSI Technical OverviewPosted on Tuesday, June 20 2017 at 4:28 am GMT+0000
Current trend behavior suggests that long term trading scenarios remain on hold in the near future. In the medium term we witnessed an aggressive breach of 0.420 and reaching a low of 0.320, the market has retraced crossing back above that level where it signaled weakness in the current structure. With the market actively testing the daily top formed at 0.440, additional Bullish pressure could activate a Bullish reversal and indicate to a further rally targeting 0.455 and 0.477. Such move would confirm the strength of the short term uptrend and act as trigger for short term positions.