Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
GBP/USD: 'Double Top' pushed the market lower
There's a 'Double Top', which pushed the market lower. However, we've got a 'Thorn' pattern, so the price is likely going to reach the next resistance at 1.3143. A pullback from this level could be a starting point for a decline towards the nearest support at 1.3047 - 1.3032.
It's likely that we're going to have a local decline in the direction of the closest support at 1.3081 - 1.3072 in the coming hours. However, a pullback from this area could lead to forming a new local high.
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.
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.
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.