Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
EUR/JPY: close to reach a key support area
EUR/JPY has been taking a rest in the bullish bias started from the lows of March and the resistance level of 133.49 is helping to cap further gains. Currently, the pair is on its way to reach the Fibonacci zone of 50% at 131.21. If a rebound happens over there, then we can expect a rally to test the Fibonacci area of -23.6% at 134.56. To the downside, if the 130.53 level gives up, doors will open to test the 128.94 area.
RSI indicator remains steady around the oversold 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.