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 dollar’s trend reversed at the beginning of last week and started to strengthen. It has already reached the first target level; the natural level at 1.1597 should act as support, otherwise we may see further dollar strength. The Hungarian forint is undergoing some correction against both the euro and the dollar, but this is still not sufficient for a structural shift in the downside pattern, and reversals in the curve still need time to develop. In the case of the USD/JPY pair, there may be a chance for a reversal below the 159.38 resistance, but this would require a strong downward move within the next few days. In EUR/CHF, a higher low may form, which could indicate a turn to the upside.
The main ascending trendline was broken a week ago, giving a sell signal. The short-term target below 1.1719 pointed toward the 1.1597 level. The pair reached this level yesterday, so it may act as support, from which a minor rebound and a potential reversal attempt could occur. If this level breaks, the next support could be around 1.1475.
Resistance levels: 1.1841; 1.1962; 1.2085; 1.2207; 1.2329; 1.2451.
Support levels: 1.1597; 1.1475; 1,1352; 1.1230.
The pair broke its rising trend last week, delaying a new buying opportunity. Below 1.3428, the 1.3184 area could also be tested. A break above the red descending trendline may provide the next long signal.
Resistance levels: 1.3672; 1.3916; 1.4160.
Support levels: 1.3184; 1.2939; 1.2812; 1.2695.
The calculated level was reached with a test around 355. Some correction is visible from here, but for a structural shift, the price would need to move above at least 367.2. Despite the correction, the curve may remain below 375. Until a structural shift occurs, the trend does not support the long side. A reversal pattern may still need time to develop.
Resistance levels: 375; 382,8; 390,6.
Support levels: 355.5; 351.5.
Due to dollar strength, we may see a stronger pullback. As long as the price remains below 320.4, we cannot talk about a structural shift, so the main trend may remain downward. The trend-continuation pattern could push the price down toward the 281 area, but this remains valid only while the price stays below 320.4. The current smaller upward wave may be targeting the gap left below. A more reliable reversal would require a higher low, but this is not yet in place.
Resistance levels: 320.4; 328.1; 343.75; 351.5; 359.38.
Support levels: 304.8; 296; 289.2; 281.25.
The main trend is upward, characterized by the thin green trendline. The 159.38 level is a strong resistance. Due to dollar strength, the price has approached this resistance again. A strong bearish candle below 159.38 could confirm a shift in the broader picture, along with the formation of a lower high. Otherwise, if no reversal occurs, the pair could make a new high, although 162.5 might still act as strong resistance.
Resistance levels: 162.5; 165.63; 168.75.
Support levels: 156.25; 153.125; 151.5; 150.
The pair is in a mild downtrend, but without significant selling pressure. If no new low is formed, a more bullish pattern may develop. A strong bullish candle could be enough to trigger a new upward wave.
Resistance levels: 0.9399; 0.9521; 0.9644.
Support levels: 0.9155; 0.9033; 0.8911.
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