In recent years, artificial intelligence has become one of the most important topics in the technology sector. While much of the attention is focused on model developers and companies providing infrastructure, the long-term winners in this technology may also emerge on the application side. The interactive media segment is particularly interesting from this perspective, as the business models of companies operating in this field rely heavily on monetizing user attention and producing digital content. In the second part of our industry analysis series, we review current trends and potential catalysts affecting search engines and social media platforms.
European stock markets are currently outperforming their U.S. counterparts, and thanks to the gains of the past few days, our screenings have identified a number of interesting stocks. Among these, we have highlighted stocks that have recently shown signs of a structural turnaround, while strengthening buying pressure is also supporting the positive technical picture. One such company is Germany’s Nemetschek, a leading provider of construction and architectural design software. The other is the Dutch firm Wolters Kluwer, which offers professional information, software, and specialized database solutions. For both stocks, the search for long entry opportunities may have begun.
The EURUSD may face increased volatility due to today's FOMC meeting. A close above 1.1657 could signal a strong rise, while a break below 1.1597 would indicate a weakening trend. The GBPUSD also shows a trend-reinforcing pattern, but only the 1.3184 support level represents a key risk management level. The EURHUF has reached the zone from which the correction started earlier, but the movement does not yet indicate a trend-like weakening of the forint. The forint may continue to move within a narrow range against the dollar, with the lower limit around 328. USDJPY started to rise again after a minor correction, and the trend is not currently in danger. EURCHF reached its first target price of 0.94, so a minor correction is expected, but the upward trend remains in place here as well.
Despite a slight decline over the past few days, the upward trend continues, and the 1.1597 level should not fall. Today's interest rate decision could bring about a significant shift. Closing above 1.1657 could bring another wave of growth, and in this case, the 1.1841 level could be tested.
Resistance levels: 1.1719; 1.1841; 1.1962; 1.2085.
Support levels: 1.1475; 1.3520; 1.1230.
The exchange rate bounced off the important level of 1.3184 last week, and after a strong rise, the curve began to correct again. The rise is sustainable for now, but the trend could break below the aforementioned level of 1.3184. However, if it manages to bounce again in the coming days, a trend-reinforcing pattern would form and the 1.3428 level could be reached at a minimum.
Resistance levels: 1.3428; 1.3672; 1.3916; 1.4160.
Support levels: 1.2939; 1.2812; 1.2695.
The curve corrected in a downward trend, which was already strongly oversold, and signs of exhaustion appeared on the forint's buyer side at levels below 382.1. A technical correction is needed at this point, which does not necessarily mean a trend reversal. The zone between 375 and 382.1 is a strong support level, and no further decline is expected in the coming weeks. As long as the ideal red downward trend line is not broken, the goal of a correction wave can only be to test this trend line. Before that, however, the 386.7 level represents minor resistance, breaking through which would open up the possibility of reaching the 390 level.
Resistance levels: 406.25; 410.1; 414.06.
Support levels: 378.9; 375.
The exchange rate has reached its long-term upward trend, and this support has not fallen due to the weakening of the forint. Recently, the curve has been moving sideways, with a lower limit of 328.1 and an upper limit of roughly 340. It is expected to remain within this range. The movement is still neutral and without a clear trend, so it is still too early to take a position.
Resistance levels: 343.75; 351.5; 359.38.
Support levels: 328.1; 320.4; 312.5.
Following a minor correction phase, a new uptrend has begun. If the curve is able to reach a new swing high, it will confirm the continuation of the trend. Otherwise, the formation of a lower high may indicate a reversal pattern. It is crucial that the price remains above 153.13, because only in this case is it worth looking for further long entry opportunities. If this level is breached, it would pose a serious risk and could even lead to a retest of the 150 level. A test of the 159.38 level is still possible.
Resistance levels: 156.25; 159.38.
Support levels: 153.13; 150; 146.25; 143.75; 140.6; 137.5.
The rise has reached the first target price at 0.94. Exceeding this could open up space towards 0.9521. In the event of a correction, long positions can be opened from around 0.9340. The trend is still upward, but slight overbought conditions could bring some realignment towards the aforementioned support level.
Resistance levels: 0.9399; 0.9521; 0.9644.
Support levels: 0.9277; 0.9160.
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