Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
GBP/USD: 34 Moving Average acting as support
The market is still consolidating. It's likely that the pair is going to test the nearest support at 1.2839 - 1.2814 in the coming hours. If a pullback from these levels happens next, there'll be a moment for an upward price movement towards the next resistance at 1.2927 - 1.2946.
The 34 Moving Average is acting as support. Also, there's a developing 'Rising Wedge' pattern. In this case, we should watch the 89 Moving Average as an intraday target. The subsequent pullback from this line could lead to another bullish rally.
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.