Antony_NPBFX
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Visa Inc.: technical analysis 23.02.2024
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Visa Inc. for a better understanding of the current market situation and more efficient trading.
Shares of Visa Inc., the largest American multinational company providing payment transaction services, are trading at 283.00.
On the daily chart, the price is moving within the global ascending channel with dynamic boundaries of 286.00–268.00, trying to consolidate above the resistance line.
On the four-hour chart yesterday, the quotes broke through the previous year’s high of 280.00, the last obstacle before reaching the resistance level of 290.00. There are practically no signs of a reversal now but if the asset consolidates below 280.00, a local correction to the support level of 270.00 is expected.
Technical indicators are strengthening the buy signal: the EMA fluctuation range on the Alligator indicator is expanding upward, and the AO histogram is forming upward bars above the transition level.
Trading tips
Long positions may be opened after the price rises and consolidates above 286.50 with the target at 298.00. Stop loss – 284.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 280.80 with the target at 267.40. Stop loss – 285.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Visa Inc. and trade efficiently with NPBFX.
Good afternoon, dear forum visitors!
NPBFX offers the latest release of analytics on Visa Inc. for a better understanding of the current market situation and more efficient trading.
Shares of Visa Inc., the largest American multinational company providing payment transaction services, are trading at 283.00.
On the daily chart, the price is moving within the global ascending channel with dynamic boundaries of 286.00–268.00, trying to consolidate above the resistance line.
On the four-hour chart yesterday, the quotes broke through the previous year’s high of 280.00, the last obstacle before reaching the resistance level of 290.00. There are practically no signs of a reversal now but if the asset consolidates below 280.00, a local correction to the support level of 270.00 is expected.
Technical indicators are strengthening the buy signal: the EMA fluctuation range on the Alligator indicator is expanding upward, and the AO histogram is forming upward bars above the transition level.
Trading tips
Long positions may be opened after the price rises and consolidates above 286.50 with the target at 298.00. Stop loss – 284.00. Implementation period: 7 days or more.
Short positions may be opened after the price declines and consolidates below 280.80 with the target at 267.40. Stop loss – 285.00.
Use more opportunities of the NPBFX analytical portal: weekly FOREX forecast
You can learn more about the current situation and get acquainted with the weekly analytical forecast in the "Video reviews" section on the NPBFX portal. Weekly video reviews contain trends, key levels, trading recommendations for such popular instruments as GBP/USD, EUR/USD, USD/CHF, AUD/USD. In order to get free and unlimited access to video forecast and other useful instruments on the portal, you need to register on the NPBFX website.
If you have any questions about trading instruments, you can always ask an analyst in the online chat on the portal and get a free consultation of an experienced specialist.
Use the current recommendations of analysts on Visa Inc. and trade efficiently with NPBFX.