Earnings season is a crucial time for investors and analysts, as it provides insights into how well companies have performed over the past quarter and gives indications of their future earnings. In 2023, expectations for US Q1 earnings were low due to economic challenges and rising interest rates. Surprisingly, many companies beat these low expectations, with 75% of S&P 500 companies surpassing forecasts.
NZD/CAD has been moving up
2019-11-11 • Updated
On the daily chart of NZDCAD, the RSI indicator has been trying to leave the oversold area. Moreover, we see that the pair has been forming candlesticks with long shadows that may be considered as an additional signal of the possible reversal. If we take a look at H4, we will see that the pair has been moving towards the first target at 0.8555. The next long may be expected after the pair touches 0.8574. The target will lie at 0.8607.
If the pair slides, the first support is located at 0.8528. The next level for short is at 0.8511. In the case of the weak NZD, the pair will continue suffering to 0.8502.
When I started trading stocks a few years ago, I often needed to pay more attention to my technical analysis skills and trust that the market would play fair according to my analysis. I have since discovered that the safer approach to trading stocks is to, more often than not, seek out investing opportunities - that is, catching stock commodities with a potential to rise.
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