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/USD inside a bullish area
2019-11-11 • Updated
NZD/USD is hovering inside a strong demand zone established between the 0.7306 and 0.7267 levels, which should bring further rebounds in order to resume the bullish structure towards the Fibonacci target of -23.6% in the 0.7498 level. To the downside, the support zone of 0.7267 could give up in order to allow losses toward the 100% Fibo area at 0.7175.
RSI indicator remains in the negative territory, favoring for another leg lower in the short-term.
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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