Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
Bitcoin (BTC/USD): double bottom in place at H1 chart
The double bottom that has been formed in the Bitcoin H1 chart is still intact and is helping to supply enough demand to see a bullish continuation in the short term. The current price is close to the 200-hour moving average, which should offer some dynamic resistance and push cryptocurrency to continue with the bearish movement.
According to a commissioner of the European Union, cryptocurrency mining is perfectly legal within the European continent and is only subject to normal energy regulation standards. On the other hand, the Coincheck company has announced that it will begin to reimburse the victims of the recent hacking suffered by the Japanese cryptocurrency exchange.
The price action has weakened near the psychological level of 9500, in an attempt to achieve a bullish consolidation above the 200-hour moving average. The Parabolic SAR is beginning to show corrective signals in favor of the general bullish bias, as projected in the H1 chart.
What do we expect?
According to our forecasts in the short-term, the BTC/USD pair is gaining demand around the Fibonacci level of 50% in 8724, which could help maintain support in the short and medium term in cryptocurrency. If this dynamic continues, the Bitcoin could point towards the 11339 resistance. The RSI indicator remains in negative territory.
The volatility of the oil price these days questions the previously taken uptrend. Or does it not?
AUD/JPY finds itself at the crossroads of several trends - we will use various time frames to foresee the possible scenarios.
AUD/JPY formed a “shooting star” candlestickon the W1. This week, it’s testing levels below the 50-week MA at 75.45.
On the W1, Brent oil formed a bullish “hammer”…
In times of political and economic uncertainties, analysts recommend investing in safe-haven assets. However, since recently, the USD with the weak American economic data and the easing monetary policy has been losing its status. What about the JPY and XAU? The situation is unclear.