Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
GBP/USD: consolidation under the 'Rising Wedge'
The price is still consolidating under the 'Rising Wedge' pattern's lower side. It's likely that the pair is going to test the next support at 1.2728 - 1.2695. The subsequent pullback from this area could be a starting point for a bullish price movement towards the nearest resistance at 1.2826 - 1.2852.
There's a consolidation, which is taking place under the Moving Averages. The main intraday target is the nearest support at 1.2723 - 1.2695. If a pullback from these levels happens little later on, bulls will probably try to reach the previously tested resistance at 1.2826.
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.