Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
The USD/CAD consolidated at the resistance of the Moving Average and psychological levels
Wednesday’s Canadian Ivey PMI release was worse than the forecast. On the H4 chart of USD/CAD, the price is consolidating at the 200-period Moving Average to test its resistance at the psychological level of 1.3200. A further rise would meet the resistance levels of 1.3233, 1.3287 and 1.3334 left during October price action. The bearish reversal would have support levels placed at 1.3118 and the strong one at 1.3050.
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.
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.
USD/CHF formed a “hammer” candlestick on the D1. The most recent price low wasn’t confirmed by the Awesome Oscillator on this timeframe.