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 could make a leg higher towards 105.60
2019-11-11 • Updated
USD/JPY is looking for clues that help to strengthen the bulls in the short-term, as the pair scopes to make a corrective move in favor of such bias. According to our projections in the H1 chart, the corrective move could go as long as the Fibonacci level of 50% at 105.63. If the pair manages to make a pullback around that area, it’s expected to fall towards the -23.6% Fibo area at 104.15. However, if the 105.63 level gives up, then the highs from March 21st could be challenged.
RSI indicator is moving into the neutral territory, calling for a sideways consolidation.
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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