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USA500 Analysis

US Session Analysis for CFD Instruments 06/08/2020

Fundamental analysis

06 August, 2020

U.S. futures were lower on Thursday As Markets Look To Jobs Data while Congressional Stimulus Talks are also in focus Stock markets will likely key on weekly initial unemployment claims numbers this afternoon after a weaker-than-expected reading of private sector job creation from ADP yesterday and softer hiring data in an otherwise solid July ISM report. The markets are also slightly nervous about tomorrow’s NFP and Unemployment data, with potential worse than expected numbers seen as putting further pressure on the dollar in particular.

Technical analysis

USA500 Analysis Technical analysis 06/08/2020
Time Frame: 1 hour

USA500 Support & Resistance Table - 06/08/2020

Support & Resistance Level Explanation
Resistance 2 3339.69 Daily R2
Resistance 1 3325.50 Daily R1
Support 1 3287.66 Daily S1
Support 2 3273.47 Daily S2

USA500 Indicator Table - 06/08/2020

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

USA500 Indicator / Period Table - 06/08/2020

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

USA500 06/08/2020 - Reference Price : 3306.58

Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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USA500 Chart
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