country flagالعربية

BMW Daily Technical Analysis | 6 December 2017

2017-12-06 07:58 am | Resource: Technical Analysis Section | No Views : 301

BMW shares are trading in a downtrend on the 240-minute interval, and German shares are trading at 84.90 and rebound from 82.58.

BMW Daily Technical Analysis | 6 December 2017

The negative cross between the slow moving SMA and the SMA is not yet confirmed.
The MACD is positively cross and the histogram rises above zero, however, its signal is insignificant as long as the stock does not break the 85.94 Euro level.
It is expected that if German shares are broken at 82.85 and may target 80.50 Euros on the other hand, if the stock breaks to 85.94, bull status will improve and gain the ability to push the stock to a higher level, targeting 89.34.
Support: 82.85 - 80.50 - 79.09
Resistance: 89.34-91.06-92.42
Trend: Down

Other news

European stock indexes start mixed as central bank updates

Investors were digesting on Thursday the accompanying signals from the US Federal Reserve, which yesterday cut interest rates, and the subsequent hint from the Bank of Japan that it could boost stimulus next month after a policy review. European stock indexes have only slightly changed ahead of scheduled speeches by Benoit Coeur and Sabine Lottenschleeger from the European Central Bank and last month's UK retail sector statistical report. Central banks…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.