Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
EUR/USD: confirmed 'Double Bottom' pattern
There's a 'Double Bottom', which has been confirmed, so the price is rising. At the same time, we've got a local 'V-Top', so we could have a local bearish correction during the day. Even so, we should keep an eye on the next resistance at 1.1767 - 1.1790 as the next bullish target.
It's likely that there's a 'Double Top' pattern, so the pair is going to test the closest support at 1.1725 - 1.1706. This area could be a starting point for an upward price movement towards another resistance at 1.1767 - 1.1790.
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.