Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
EUR/USD close to reach the 1.2476 milestone
The pair is following a bullish structure since March 1st lows and it’s on the way to duplicate a cycle towards the 100% Fibonacci extension at 1.2476. Around that area, we’re expecting a pullback to take place to test the support zone of 1.2354. Such level could be pierced in order to allow more declines to touch the 200 SMA at H1 chart. To the upside, if EUR/USD manages to break above 1.2476, it can go towards the 1.2525 level.
RSI indicator remains slightly in the negative 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.