CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% 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 all your money. Read full risk warning.

USA500 Analysis

EU Session Analysis for CFD Instruments 16/07/2021

Fundamental analysis

16 July, 2021

The Nasdaq ended lower on Thursday, pulled down by Apple, Amazon and other Big Tech companies as a fall in weekly jobless claims data fed investor concerns about a recent inflation spike. Amazon, Apple Tesla and Facebook all fell. Nvidia tumbled around 4%. The S&P 500 technology sector index ended a four-day winning streak. Earlier this week, investors’ favor for heavyweight growth stocks pushed the S&P 500 and the Nasdaq to record highs. Fresh data showed the number of Americans filing new claims for unemployment benefits fell last week to a 16-month low, while worker shortages and bottlenecks in the supply chain have frustrated efforts by businesses to ramp up production to meet strong demand for goods and services. Federal Reserve Chair Jerome Powell told lawmakers he anticipated the shortages and high inflation would abate. Yet many investors still worry that more sustained inflation could lead to a sooner-than-expected tightening of monetary policy.

Technical analysis

USA500 Analysis Technical analysis 16/07/2021
Time Frame: 1 hour

USA500 Support & Resistance Table - 16/07/2021

Support & Resistance Level Explanation
Resistance 2 4379.34 Daily R2
Resistance 1 4366.90 Daily R1
Support 1 4333.74 Daily S1
Support 2 4321.30 Daily S2

USA500 Indicator Table - 16/07/2021

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

USA500 Indicator / Period Table - 16/07/2021

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

USA500 16/07/2021 - Reference Price : 4350.32

Sell
Simple Moving AverageBuy (1)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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