Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
EUR/USD: 'Pennant' pattern pushed the pair lower
Bears faced with support at 1.1530, so there's an opportunity to have an upward correction. In this case, we should keep an eye on the nearest resistance at 1.1599 - 1.1616 as an intraday target. A pullback from this area could be a departure point for another decline.
The last 'Pennant' pattern pushed the pair lower. However, there's a 'V-Bottom', so the market is likely going to test the closest resistance at 1.1572 - 1.1599. If a pullback from these levels forms next, there'll be a moment to have a downward price movement towards the next support at 1.1518 - 1.1508.
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.