Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
GBP/USD: Moving Averages acted as support
The price is unfolding a 'Rising Wedge' pattern, so we should watch the next resistance at 1.2725 as an intraday target. If a pullback from this level and the 89 Moving Average happens little later on, there'll be a moment for a decline towards the nearest support at 1.2606 - 1.2588.
The Moving Averages acted as support once again, so there's a 'V-Bottom' pattern. Thus, the pair is likely going to reach the closest resistance at 1.2718 - 1.2732 in the coming hours. The subsequent pullback from this area could lead to a decline in the direction of 1.2638 - 1.2625.
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.