USA500 Analysis

Evening Analysis for CFD Instruments 07/02/2019

Fundamental analysis

07 February, 2019

U.S. futures traded downwards on Thursday as investors became gloomy about growth prospects after the European Union slashed its growth forecasts for this year. The European Commission lowered its growth for all of the three biggest economies in the euro zone this year, highlighting a slowdown in China and spillovers from that country's trade conflict with the U.S. The lower forecasts could also revive last year's dispute between the EU and Italy over budget deficits. Italy only escaped disciplinary measures with a budget draft that assumed much more than the 0.2% growth the Commission now forecasts for it. The news contrasted sharply with comments late Wednesday from Federal Reserve Chairman Jerome Powell, who highlighted the resilience of the U.S. economy in a speech in Washington.

Technical analysis

USA500 Analysis Technical analysis 07/02/2019
Time Frame: 1 hour

USA500 Support & Resistance Table - 07/02/2019

Support & Resistance Level Explanation
Resistance 2 2760.93 Daily R2
Resistance 1 2735.81 Daily R1
Support 1 2694.03 Daily S1
Support 2 2684.25 Daily S2

USA500 Indicator Table - 07/02/2019

Indicator Signal
SMA 20 Sell
SMA 50 Sell
SMA 100 Sell
MACD( 12;26;9) Sell
RSI (14) Sell
Stochastic ( 9;6;3) Sell

USA500 Indicator / Period Table - 07/02/2019

Indicator / Period Day - SellWeek - BuyMonth - Buy
MACD( 12;26;9) Sell BuySell
RSI (14) Sell BuyBuy
SMA 20 Sell BuyBuy

USA500 07/02/2019 - Reference Price : 2714.08

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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