Forecast and levels for Dow Jones Industrial Average - page 6

Sergey Golubev
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Sergey Golubev  

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Sergey Golubev, 2020.07.03 12:22

Dow Jones Industrial Average - ranging near and below 200 SMA to be ready for the daily bullish reversal(based on the article)

Dow Jones Industrial Average chart by Metatrader 5

Dow Jones Industrial Average chart by Metatrader 5

  • "The Dow Jones Industrial Average was up 0.4%, over 100 points, on Thursday, while the S&P 500 rose 0.4% and the tech-heavy Nasdaq Composite gained 0.5%."
  • "Stocks jumped after a bigger-than-expected increase in jobs last month: The Labor Department reported that 4.8 million jobs were added in June—more than the 2.9 million expected."
  • "The unemployment rate fell to 11.1%, down from 13.3% in May. The jobs data for June was collected in the middle of the month, however, before a spike in new coronavirus cases cropped up across the South and West."

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The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:


Sergey Golubev
Moderator
122967
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Press review

Sergey Golubev, 2021.05.07 19:42

Intra-Day Fundamentals - Dollar Index, GBP/USD and Dow Jones Industrial AverageNon-Farm Payrolls

2021-05-07 13:30 GMT | [USD - Non-Farm Employment Change]

  • past data is 770K
  • forecast data is 990K
  • actual data is 266K according to the latest press release

if actual > forecast (or previous good for currency (for USD in our case)

[USD - Non-Farm Employment Change] = Change in the number of employed people during the previous month, excluding the farming industry.

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From official report :

  • "Total nonfarm payroll employment rose by 266,000 in April, and the unemployment rate was little changed at 6.1 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains in leisure and hospitality, other services, and local government education were partially offset by employment declines in temporary help services and in couriers and messengers".

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Dollar Index: range price movement by Non-Farm Payrolls news events

Dollar Index: range price movement by Non-Farm Payrolls news events

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GBP/USD: range price movement by Non-Farm Payrolls news events

GBP/USD: range price movement by Non-Farm Payrolls news events

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Dow Jones: range price movement by Non-Farm Payrolls news events

Dow Jones: range price movement by Non-Farm Payrolls news events

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The chart was made on MT5 with standard indicators of Metatrader 5 together with following indicators:


LuckyMac
25
LuckyMac  
Im going to take a look back through some of these posts, i like the chart set up. Thanks for sharing