Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
EUR/USD: 'Double Top' led to decline
The market has been declining since the last 'Double Top' was formed. The main intraday target is the next support at 1.1312. If a pullback from this level happens next, there'll be a moment to have an upward correction towards the closest resistance at 1.1425 - 1.1478.
Bears faced with support at 1.1365, so the pair is consolidating. It's likely that we're going to have a 'Pennant' pattern, so we should keep an eye on another support at 1.1312 as an intraday target. A pullback from this level could be a starting point for a bullish correction.
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.