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 continued to strengthen following last Friday’s unemployment data, so the trends against its major counterparts remained intact. However, the dollar’s momentum is not significant, so the question of how long this momentum can last will soon arise again. The forint is holding its ground and remains firmly anchored against its major counterparts. Trading against the forint still does not seem like a good idea. For the USD/JPY currency pair, the target could be 162.5 above the 159.38 level. The EUR/CHF exchange rate is also trending upward; due to the breakout from the trend line, there may still be room for further upward movement.
The exchange rate remained in a downtrend following a break below the key level of 1.1597. The next level to watch is around 1.1475. A break above the thick red trendline could signal a long opportunity. For this to happen, the price would need to close above 1.1597 in the short term.
Resistance levels: 1.1841; 1.1962; 1.2085; 1.2207; 1.2329; 1.2451.
Support levels: 1.1475; 1,1352; 1.1230.
Due to the strength of the dollar, the pair’s price remained below the red downtrend line. After breaking below the 1.3428 level, it continued its mild downward trend below the downtrend line. If this level were to be broken to the upside, a short-term buy signal could emerge. Below the 1.3428 level, however, the 1.3184 area could also be tested.
Resistance levels: 1.3672; 1.3916; 1.4160.
Support levels: 1.3184; 1.2939; 1.2812; 1.2695.
We are seeing a series of lower swing highs and lows, with downward momentum slowing. There is an important support level in the 351–355 zone, but for a structural shift to occur, the price would need to rise above at least 363.3. Until there is a change in the series of lower swing highs, the price may remain stuck, and going long does not seem like a good idea. In the event of a new low, 343.75 could be the next support level.
Resistance levels: 375; 382,8; 390,6.
Support levels: 351.5; 343.75.
Resistance is beginning to form around 312.5, which could act as a turning point between the long and short sides. If it breaks above this level, it could rise from a reversal pattern. However, if consolidation remains below this level, it could even reach a new low. We are expecting a trend-like move.
Resistance levels: 320.4; 328.1; 343.75; 351.5; 359.38.
Support levels: 296; 289.2; 281.25.
The overall trend is upward, as indicated by the thin green trendline. Two weeks ago, the price broke through the minor resistance level, opening the way for a potential retest of the previous high. On the upside, 162.5 is expected to be the next major resistance level. On the downside, the area around 156.25 may offer a good buying opportunity.
Resistance levels: 162.5; 165.63; 168.75.
Support levels: 156.25; 153.125; 151.5; 150.
The green upward trend line held, pushing the exchange rate higher, so there is a good chance that the pair will reach the next resistance level around 0.9277. If the green trend line is broken, a short trade could be initiated.
Resistance levels: 0.9277; 0.9399; 0.9521; 0.9644.
Support levels: 0.9155; 0.9033; 0.8911.
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