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.
Two "head and shoulders" pattern of AUD/JPY
2019-11-11 • Updated
On the H4 of AUD/JPY, the pair formed the “Head and shoulders” pattern. However, the same pattern was formed on H1, Up to now, on H1, the pair has rebounded from its target at 75.20 and has been moving up. Until the pair stays above 75.27, we can anticipate a return towards 75.44. As soon as the pair closes below 75.27, on H4, we may see a decline to the pattern’s target at 74.975 with a possible correction near 75.08.
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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