DEYAAR Technical Overview

DEYAAR Technical Overview

Posted on Tuesday, February 21 2017 at 5:25 am GMT+0000

Non-trending path.

With the market reflecting a weak trend in the medium term, traders shall remain on the sidelines as the correction targets a solider support around the key level at 0.560 marked as the bottom of May 2016. Medium term trend indicators are displaying mixed signs, warning of a possible sideways consolidation. While short term traders should remain skeptical for further declines, as the recent break below 0.575 could carry larger Bearish developments in the near-future.

DEYAAR-EN 2017-02-21