US Stock market Technical Analysis December 6, 2019

U.S stock futures higher before payroll data

Free $100 Forex No-Deposit Bonus

The stock market futures traded on the positive side before U.S payroll data. The non-farm payroll employment data expected to add 181k job last month. Current positive sentiment incited by President Trump’s comment on Thursday. Once again the President said both U.S and China are getting near for a deal.

We might continue to experience roller-coaster movement in the stock market nearing the U.S tariff deadline toward China on 15th December.

Asian & European Stock market

The Asian stock market advance today. Japan’s stock market up 54.31 points (+0.23%) to 23,354.40, China stock market up 12.55 points (+0.43%) to 2,912.01, and Australia ASX 200 up 24.00 points (+0.36%) to 6,707.00. The European stock market also moves higher. DAX Germany up 0.28%, UK FTSE up 0.81%, Euro STOXX600 up 0.47%

Technical Analysis

Dow Jones Industrial Average (INDU)

DJIA index bounced from the top of the triangle and looks will continue its long-term bullish trend. Similar to the previous day analysis, it is better on the long-side of the equity market for now. More fresh high might be possible in the coming weeks or months.

Invitation Homes Inc (INVH)

INVH long-term trend is bullish and the share prices always bounce from its daily SMA 100. At the current time, the share prices holding out near the daily SMA 50. We have a bullish ascending triangle pattern forming on the chart. Traders could enter long positions at the current location or near the SMA 100 or the trendline.

Copyright © 2020. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.