CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

USA500 Analysis

US Session Analysis for CFD Instruments 11/07/2019

Fundamental analysis

11 July, 2019

USA500 futures traded higher as investors were in bullish mood after Fed Chairman Jerome Powell raised expectations for an interest-rate cut in his Congressional testimony. This combined with dovish minutes gave cause for traders to believe that a number of interest rate cuts will be made this year, boosting stocks. Investors will be looking to Core CPI figures later this afternoon with a potential lower than expected figure sure to further boost expectations of a rate cut.

Technical analysis

USA500 Analysis Technical analysis 11/07/2019
Time Frame: 1 hour

USA500 Support & Resistance Table - 11/07/2019

Support & Resistance Level Explanation
Resistance 2 3021.14 Daily R2
Resistance 1 3012.94 Daily R1
Support 1 2996.04 Daily S1
Support 2 2988.50 Daily S2

USA500 Indicator Table - 11/07/2019

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

USA500 Indicator / Period Table - 11/07/2019

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

USA500 11/07/2019 - Reference Price : 3004.58

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