2019-11-11 • Updated
On the NZD/USD daily chart, Bears failed to keep quotes below the support at 0.723. It was a signal of their weakness, the Bull acted proactively. A successful test of the resistance at 0.7345 might lead to the restoration of the uptrend and increase the risks of the realization of the target 113% of the Shark pattern.
On the NZD/USD hourly chart, after short-term correction and consolidation within the Splash and Shelf pattern on the 1-2-3 basis, the restoration of the uptrend has started. A break of the upper border of the shelf near the resistance at 0.7305 will lead to the continuation of the rally.
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.
The S&P 500 had a good week due to the impressive start of Q1 earnings and favorable inflation data. In March, the consumer price index rose 5%, lower than the previous month's 6%, and met economists' expectations.
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve's key interest rates and Bitcoin can be a game-changer…
As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...
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