DFM Technical Overview
Posted on Monday, January 9 2017 at 5:36 am GMT+0000Targeting 1.44.
Long term charts are revealing a negative outlook, pushing traders to stay neutral for the interim, monitoring for any change in the broader picture’s direction. Moving to the medium term where the recent break above 1.36 was the move that restored the medium term Bullish path for the first time since August, signaling for larger Bullish implications targeting the 1.44 and perhaps 1.54 zones. At the other hand, initial targets for the recently established short term positions at 1.39 being reached allowing for a trail of the positions higher to the entry level.
| DFM-EN 2017-01-09 |
