Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
GBP/USD: bears broke the 'Rising Wedge'
The lower side of the 'Rising Wedge' pattern has been broken, so the pair is likely going to test the nearest support at 1.2606 - 1.2588. Meanwhile, if a pullback from this area happens next, there'll be a moment to have another upward price movement towards the next resistance at 1.2658 - 1.2695.
There's a local 'V-Bottom' pattern, so the pair is moving up. The main intraday target is the closest resistance at 1.2681. At the same time, a pullback from this level could lead to a bearish price movement in the direction of the previously tested support at 1.2617 - 1.2606.
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.