country flagالعربية

Visa Daily Technical Analysis | 27 December 2017

2017-12-27 09:15 am | Resource: Technical Analysis Section | No Views : 293

Visa shares broke last week's bullish trend line on the 4-hour interval after, the US failed to breach 114.63 zones and failed to breach 112.43 levels.

Visa Daily Technical Analysis | 27 December 2017

Our bullish outlook remains intact due to the lack of confirmation of the breach of the minor ascending trend line as the stock is still trading above 112.43, the simple moving average and the slow moving average are crossed negatively but without confirmation.
The index of the moment of the MACD intersect negatively and the fact that the summit is lower than the other while the arrow is higher than the other, indicating a negative technical deviation under formation.
It is expected that if the American stock breaks 112.43 levels, it might target the level of 108.44 on the other side if the breach of 114.63 might target the 116.61 level.
Support: 109.20- 106.68- 102.79
Resistance: 114.63, 116.61, and 120.00
Trend: nautral

Other news

US stocks open higher on Friday as trade concerns eased

US stock markets began the last trading session of the week slightly higher after the media reported that Washington is ready to grant temporary tariff exemptions to 437 Chinese products. At the same time, another report claimed that the United States would not remove import tariffs on auto parts made in Japan as part of the expected trade agreement. In business news, Apple launched. The new iPhone 11 series worldwide.…

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.