Coca-cola stock seems to be a promising investment opportunity. What is the detailed layout?
USD/JPY: pair to test closest support
There's a 'Shooting Star', so the pair is likely going to test the closest support at 109.38 in the coming hours. Meanwhile, if a pullback from this level forms next, there'll be a moment for another upward price movement.
We've got an 'Inverted Hammer', so there's an opportunity to have a local bullish correction. In this case, we should keep an eye on the nearest resistance at 109.99 as a possible starting point for a decline towards the next support at 109.38.
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.