Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
GBP/USD: developing 'Pennant' pattern
It seems like there's a developing 'Pennant' pattern. If so, we're about to have another decline. In this case, we should keep an eye on the next support at 1.2661 - 1.2614 as a possible departure point for an upward correction.
We've got a 'Rising Wedge', which hasn't been finished yet. Therefore, the pair is likely going to test the 89 Moving Average within the next few hours. If we have a pullback from this line, bears will probably try to test the closest support at 1.2665 - 1.2661.
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.