Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
EUR/USD: 89 Moving Average acting as resistance
The 89 Moving Average is acting as resistance, so there's a bullish 'Three Methods' pattern. In this case, we should keep an eye on 144 Moving Average as the next intraday target. The following pullback from this line could be a departure point for a decline towards 1.1301.
There's a 'Morning Star' pattern, which has been formed on the lower 'Window'. At the same time, we've got a bearish 'Harami', so the price is likely going to test the 'Window' once again. Meanwhile, if a pullback from this level happens next, bulls will probably try to test another resistance at 1.1469.
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.