Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
EUR/USD: bullish 'Engulfing'
There's a bullish 'Engulfing', which has been confirmed enough. At the same time, we've got a 'Doji', so the market is likely going to test the closest support at 1.1360 soon. A pullback from this level could be a starting point for a bullish price movement towards the 55 Moving Average.
The upper 'Window' is acting as resistance, so we've got a 'Shooting Star' pattern, which hasn't been confirmed yet. In this case, the pair is likely going to test the nearest resistance at 1.1417 once again. Therefore, if we have another pullback from this level, there'll be time for a decline.
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.