During his program on CNBC on February 28, Jim Cramer expressed frustration with the impact of earnings reports on market behavior, noting how they often prompt rash decisions by average investors. He criticized the short-term focus and lack of attention to nuance in news coverage of earnings. Cramer cited examples of Home Depot and Lowe's, highlighting how investors reacted hastily to headline news without considering the broader context provided in earnings calls.
EUR/JPY: the EUR weakens
2019-11-11 • Updated
Recommendation:
SELL 127.6 SL 128.15 TP1 126.6 TP2 125.75 TP3 123.1
On the daily chart of EUR/JPY, the implementation of the "Broadening Wedge" pattern continues. If the pair moves out of the lower border of the consolidation range between 127.6 and 129.25, bears will try to reach the 88.6% target of the "Shark" pattern.
On H1, the "Broadening Wedge" pattern is still on. If the lower border of the 127.6-129.25 consolidation range is broken, the risks of the fall towards the 161.8% target of the AB=CD pattern will increase. Otherwise, if the pair breaks the resistance at 129.25, it will go up towards the 88.6% target of the "Bat" pattern.
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