country flagالعربية

BMW Daily Technical Analysis | 10 January 2018

2018-01-10 11:23 am | Resource: Technical Analysis Section | No Views : 305

In the past week, BMW has breached the secondary downtrend line on the daily interval as a result of bull pressure on the German stock after it managed to bounce back from 85.52 Euros.

BMW Daily Technical Analysis | 10 January 2018

The stock is trading in a bullish direction and the simple and slow moving averages are positively cross and the cross has been confirmed to breach the 88.21 levels.
The MACD has a positive cross and the histogram is rising to indicate bull pressure on the European stock.
It is expected that, as long as BMW is trading above the 88.24 area it may target 95.99 levels, while in the case of 85.52 it might target areas of 78.80.
Support: 85.52 - 82.27 - 77.11
Resistance: 90.65- 93.75-95.34
Trend: Up

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.