CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

USA500 Analysis

EU Session Analysis for CFD Instruments 02/02/2023

Fundamental analysis

02 February, 2023

The S&P 500 and the Nasdaq rallied to higher closes on Wednesday after Federal Reserve chair Jerome Powell acknowledged that inflation was starting to ease following a quarter-point rate hike by the U.S. central bank, which issued a statement that it expects "ongoing increases." Wall Street's major indexes had lost ground immediately after the Fed announced its rate hike decision. Its statement also said "ongoing increases" to rates would be appropriate. But the indexes bounced off their lows and kept gaining ground soon after Powell started speaking to reporters with the S&P ending up 1% and the Nasdaq adding 2%.

Technical analysis

USA500 Analysis Technical analysis 02/02/2023
Time Frame: 1 hour

USA500 Support & Resistance Table - 02/02/2023

Support & Resistance Level Explanation
Resistance 2 4194.16 Daily R2
Resistance 1 4173.09 Daily R1
Support 1 4115.91 Daily S1
Support 2 4095.84 Daily S2

USA500 Indicator Table - 02/02/2023

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 - 02/02/2023

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

USA500 02/02/2023 - Reference Price : 4146.58

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