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.
USD/CHF still favored by the bulls
2019-11-11 • Updated
USD/CHF is waiting for a fresh bullish catalyst that trigger buy orders at the current stage, as it’s hovering very close to the Fibonacci level of 50% at 0.9540, where a rebound happened on Tuesday’s session. If the pair manages to break above the 200 SMA at H1 chart, then the focus should be placed at the Fibonacci area of -23.6% at 0.9699. However, if the support level of 0.9508 gives up, then it might plummet towards the 0.9432 level.
RSI indicator remains slightly in the positive territory.
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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