Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
GBP/USD: local 'V-Bottom' pattern
There's a local 'V-Bottom' pattern, so the market is likely going to test the nearest resistance at 1.2725 - 1.2759. If a pullback from this area happens next, there'll be a moment for a decline in the direction of the next support at 1.2634 - 1.2588.
The Moving Averages are acting as support. It's likely that the pair is going to reach the closest resistance at 1.2718 - 1.2732 during the day. The subsequent pullback from these levels could be a departure point for a decline towards another support at 1.2620 - 1.2609.
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.