Visa Does it Again: Heads Up for the 3rd Straight Day

The Hourly View for Visa

  • Currently, V’s price is up $0.25 (0.12%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Visa has now gone up 4 of the past 5 hours.
  • If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
  • Price action traders may also wish to note that we see a doji candlestick pattern on Visa. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Visa’s hourly price chart is shown below.

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The Daily View for Visa

  • At the time of this writing, V’s price is up $0.98 (0.46%) from the day prior.
  • This is the 3rd day in a row Visa has seen its price head up.
  • If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 50 day timeframe.
  • The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Below is a daily price chart of Visa.

V

Featured Visa Idea From TradingView

Below is a trading comment entitled EURUSD LONG 4H you may find interesting:

Myšlenka z 1D nebo 4H timeframu → Jsme v bearish trendu a na mensim timeframu jsme v uptrendu.Důvod vstupu je velká pravděpodobnost, že se cena vrátí vyplnit D1/H4 gap. Vstup po makru a dlouhé bearish svíci – pravděpodobnost obratu.Malý risk cca $16Velký RRR 1:13,3

DvorkaSKS