![US100: Consolidated and preparing correction below 18100. Key levels on H4!](/storage/article/39228/preview/6BN5Duu47v9y5Kv6_2560x600_q70.jpg)
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
2019-11-11 • Updated
NZD/USD has been trading in a consolidation phase slightly below the 200 SMA at H1 chart and remains supported by the Fibonacci zone of 38.2% at 0.8895. The pair could scope to do another leg lower to test the 50% Fibo level at 0.8853 in order to gain momentum across the board. If that happens, we could expect a strong rebound to take place towards the -23.6% Fibonacci level at 0.9119.
RSI indicator remains in the negative territory.
Bearish scenario: Shorts below 18100 with TP1: 17900... Anticipated bullish scenario: Intraday Longs above 18130 with TP...
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.
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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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...
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Don’t waste your time – keep track of how NFP affects the US dollar and profit!