Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
GBP/USD: pair rising because of 'Double Bottom'
The pair has been rising since the last 'Double Bottom' was formed. The main intraday target is the next resistance at 1.3527. A pullback from this level could be a starting point for a bearish correction in the direction of the 55 Moving Average.
Bulls faced with resistance at 1.3473, so there's a 'V-Top' pattern. In this case, the market is likely going to reach the closest support at 1.3450 - 1.3419. Meanwhile, if we have a pullback from these levels afterwards, there'll be an opportunity to have an upward price movement towards the next resistance at 1.3490 - 1.3527.
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.