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/CHF is at the important border
2019-11-11 • Updated
On H4 of NZD/CHF, the pair has been trading near the important border of the trendlines. The pair was boosted by the RBNZ meeting where the central bank skipped a risk of the rate cut. Trendlines put pressure, however, if the price stays above 0.64965, we may see a rise to the levels of the 0.6507-0.6514 range. To be sure in the further rise, the pair needs to stick above 0.6514, then we can anticipate an increase to 0.6539.
As the pair is trading near the trendline and previous picks of the rebound, we may see a correction. Bears need to keep the pair below 0.64695 to pull it to 0.6475.
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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