Forecast and levels for Dow Jones Industrial Average

Moderator
122967

Sergey Golubev 2020.07.03 10:24 #51

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

"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:

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Moderator
122967

Sergey Golubev 2021.05.07 17:46 #52

Sergey Golubev, 2021.05.07 19:42

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

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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"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