Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
GBP/USD: 'Flag' pattern led to decline
The market has been declining since the last 'Flag' pattern has been broken. It's likely that the pair is going to test the next support at 1.3025 - 1.3004 in the coming hours. A pullback from this area could be a starting point for a bullish price movement towards the nearest resistance at 1.3143.
All the Moving Averages have been broken, so the pair is declining. Meanwhile, it's likely to have a local upward correction during the day. So, we should keep an eye on the closest resistance at 1.3094 as a target. If a pullback from this level happens next, bears will probably try to test another support at 1.3025 - 1.3004.
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.