Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
EUR/USD: bullish 'V-Bottom'
There's a bullish 'V-Bottom', so the price is consolidating. It's likely that the market is going to test the next resistance at 1.2359 - 1.2372 in the short term. If a pullback from this area forms little later on, there'll be an opportunity to have a decline towards the nearest support at 1.2285 - 1.2272.
The price is consolidating under the Moving Averages. However, there's a bullish 'Flag' pattern, so the pair is likely going to reach the closest resistance at 1.2395 - 1.2372 in the coming hours. A pullback from these levels could be a starting point for another bearish price movement.
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.