Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
USD/JPY: bullish 'High Wave'
There's a bullish 'High Wave', so the price is rising. The main intraday target is the next resistance at 113.53, which could be a starting point for a bearish correction.
The 34 Moving Average has acted as support, so there's a 'High Wave', which has been confirmed. It's likely to have a local correction in the coming hours. So, if a pullback from the nearest support at 112.82 happens next, bulls will probably try to test the upper 'Window' (113.53).
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.