Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
EUR/USD: 'Flag' pattern
The market is consolidating between the levels 1.1745 - 1.1654. Also, there's a 'Flag' pattern, so the price is likely going to test the next resistance at 1.1717 - 1.1745 in the coming hours. A pullback from this area could lead to a downward correction.
There's a local 'Pennant', so the pair is going to achieve the closest support 1.1679 - 1.1661. This area could be a departure point for a bullish price movement towards the nearest resistance at 1.1717 - 1.1745.
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.