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: kiwi woke up the Shark
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.
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