Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
CAD/CHF got a boost
On the daily chart of CAD/CHF, on June 3, the pair met support at 0.7383 and rebounded. It may be a good boost for the CAD. However, on Thursday and Friday, we anticipate several economic releases that may affect the Canadian dollar. On Thursday, trade balance data will have an impact on the CAD. On Friday, investors will closely follow Canadian jobs data. Positive economic figures may push the pair further up. The first important resistance is located at 0.7463. A breakthrough above this level will lead the pair to 0.7545.
If the data doesn't encourage the Canadian dollar, an increase to 0.7463 will be limited. In this case, we may see a slide towards 0.7383. If the pair closes below it, the trendline will become another important border to cross. Moreover, we see that Awesome oscillator and MACD indicator are in the negative zone that increases risks of the fall.
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.