Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
EUR/USD: primary trend is still bearish
The primary trend is still bearish. However, there's a 'V-Bottom', so the market is likely going to test the nearest resistance at 1.1601 - 1.1619. A pullback from this area could be a departure point for a decline towards the next support at 1.1526 - 1.1508.
The last 'Pennant' led to the current upward price movement. The main intraday target is the closest significant resistance at 1.1612 - 1.1619. Meanwhile, if a pullback from these levels forms next, bears will probably try to reach another support at 1.1540 - 1.1526.
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.