Visa Inc.: technical analysis 06.03.2024
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 279.00.
On the daily chart, the price is moving within a global ascending channel with dynamic boundaries of 286.00–272.00 and dropped to the support line yesterday.
On the four-hour chart, the nearest support level is a low of 274.00, consolidation below which will allow the quotes to leave the range. The “bearish divergence” signal from the AO indicator confirms a further decline. However, in the event of a reversal, the key resistance level will be the year’s high of 286.00.
Technical indicators are weakening the buy signal: the EMA fluctuation range on the Alligator indicator is narrowing, and the AO histogram is forming downward bars, approaching the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 274.00, with the target at 262.00. Stop loss – 280.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 286.00, with the target at 297.00. Stop loss is 284.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book 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 279.00.
On the daily chart, the price is moving within a global ascending channel with dynamic boundaries of 286.00–272.00 and dropped to the support line yesterday.
On the four-hour chart, the nearest support level is a low of 274.00, consolidation below which will allow the quotes to leave the range. The “bearish divergence” signal from the AO indicator confirms a further decline. However, in the event of a reversal, the key resistance level will be the year’s high of 286.00.
Technical indicators are weakening the buy signal: the EMA fluctuation range on the Alligator indicator is narrowing, and the AO histogram is forming downward bars, approaching the transition level.
Trading tips
Short positions may be opened after the price declines and consolidates below 274.00, with the target at 262.00. Stop loss – 280.00. Implementation period: 7 days or more.
Long positions may be opened after the price rises and consolidates above 286.00, with the target at 297.00. Stop loss is 284.00.
Use more opportunities of the NPBFX analytical portal: E-book
If you just recently started to be interested in trading on FOREX and would like to deepen your knowledge, an electronic Beginner's Guide to FOREX Trading will be an excellent helper for you here. The book consists of 5 chapters and reflects fundamental concepts of the foreign exchange market to start successful trading. From the main chapters of the E-book you can learn about the concepts and history of FOREX, currencies and trend lines, technical indicators, types of orders, trading on news, psychology of trading, risk management and much more.
You can read a Beginner's guide to FOREX Trading online or download it free of charge from the NPBFX analytical portal in the "Education" section. In order to get unlimited access to the E-book 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.