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/JPY: bearish "Harami"
2019-11-11 • Updated
The lower “Window” is acting as a support. Also, there’s a bearish “Harami”, which has been confirmed. So, the market is likely going to test the nearest support in the short term. If any bullish pattern arrives afterwards, there’ll be an opportunity to have an upward correction.
The 21 Moving Average acted as a resistance. At the same time, there’s a confirmed bearish “Harami”, so the pair is likely going to reach the closest support area during the day.
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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