Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
GBP/USD: 'V-Top' pattern points to decline
Bulls faced with resistance at 1.3172, so there's a 'V-Top' pattern, which means we should keep an eye on the 34 Moving Average as an intraday target. A pullback from this line could be a departure point for a bullish price movement towards the next resistance at 1.3212 - 1.3225.
There's a 'Double Top' pattern, which has been confirmed. So, it's likely that the pair is going to test the closest support at 1.3118 within the next few hours. If a pullback from this level forms next, bulls will probably try to reach another resistance at 1.3199 - 1.3214.
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.