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 trying to push higher in the short-term
2019-11-11 • Updated
USD/JPY has been riding a bullish sequence above the 200 SMA at H1 chart and the 50 SMA is helping to cap further gains across the board. Due to the current position of the 200-hour moving average in the H1 chart, it’s expected to see a decline to take place towards the Fibonacci level of 50% at 106.57. If the pair manages to make a rebound over there, then the focus should shift to the -23.6% Fibonacci zone.
RSI indicator stays in the positive territory, favoring to the bulls’ momentum in the short-term.
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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