empty
 
 

Forex Analysis & Reviews: Overview of EUR/USD on October 3rd. Forecast according to the "Regression Channels". Again, the index of business activity
time 03.10.2019 08:01 AM
time Relevan hingga, 04.10.2019 06:25 AM

4-hour timeframe

This image is no longer relevant

Technical data:

The upper channel of linear regression: direction – down.

The lower channel of linear regression: direction – down.

The moving average (20; smoothed) – sideways.

CCI: 119.6726

The fourth trading day for the EUR/USD currency pair began with overcoming the moving average line. Thus, the trend has changed at the moment to an upward one in the short term. The euro can breathe calmly, as it is not expected to fall again shortly. At the same time, bears should not relax because the euro often surprisingly receives new fundamental reasons for the fall.

Today, October 3, the European Union and the United States will publish indices of business activity in services, as well as composite indices of business activity. We remember how "good" were the indexes of business activity in the manufacturing sector, published on Monday. In the service sector, things are a little better, but this does not mean that the sphere does not experience any problems. Previously, Mario Draghi has already stated that the problem sphere of production can "pull along" other spheres. According to experts, the European index will be 52.0. Having studied the data for the last years, we can say that the index has never fallen below 50.0 for 5 years, and the usual and normal value for it is 53.0 and above. Thus, although it is too early to talk about the decline in the EU services sector, the indicator is slowly sliding to a critical point. In the US, business activity in the services sector is a little better. The key ISM index is projected at 55.1 and implies a slight decline from 56.4. The second indicator – Markit – is ready to fall to 50.9, which is dangerously close to 50.0. In general, these indicators will be the most interesting for market participants today. We, as before, believe that the economic situation in the United States remains stronger, so we expect a slowdown in business activity in the eurozone and the United States, but in the eurozone, we believe that the slowdown will be stronger and weaker indicators.

In addition to the two above-mentioned indices, retail sales in the European Union will also be released today, and experts' forecasts predict another slowdown in growth to 1.9% y/y. Well, in the States, production orders for August will also come out with a forecast of -0.2%.

Now let's try to figure out what the euro/dollar currency pair needs to continue this seemingly long-awaited growth? Firstly, it is certainly the absence of outright failures with macroeconomic statistics from the European Union. Secondly, the weakest possible data from America. And we believe that with both of these conditions, the pair will have problems. However, we do not recommend traders to try to guess what will be today's macroeconomic reports, it is better to follow the general trend that has formed in the market. It is best to return to sales based on it after the pair has re-attached below the moving average line.

Nearest support levels:

S1 –1.0925

S2 – 1.0864

S3 – 1.0803

Nearest resistance levels:

R1 – 1.0986

R2 – 1.1047

R3 – 1.1108

Trading recommendations:

The euro/dollar pair continues its corrective movement, already above the moving average. Thus, the bears are still recommended to wait for the completion of the correction and resume selling the euro with the target of Murray's level of "2/8" – 1.0864 after the reverse consolidation below the moving average. Purchases of the pair can formally be considered very small lots now with a target of 1.0986.

In addition to the technical picture, fundamental data and the time of their release should also be taken into account.

Explanation of the illustrations:

The upper channel of linear regression – the blue lines of the unidirectional movement.

The lower channel of linear regression – the purple lines of the unidirectional movement.

CCI – the blue line in the indicator window.

The moving average (20; smoothed) – the blue line on the price chart.

Support and resistance – red horizontal lines.

Heiken Ashi – an indicator that colors bars in blue or purple.

EURUSD
Euro vs US Dollar
Pilih timeframe
5
mnt
15
mnt
30
mnt
1
jam
4
jam
1
hari
1
minggu
Mulai trading
Mulai trading

Tinjauan analitis InstaForex akan membuat Anda menyadari sepenuhnya tren pasar! Sebagai klien InstaForex, Anda dilengkapi dengan sejumlah besar layanan gratis untuk trading yang efisien.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    GABUNG KONTES
  • Chancy Deposit
    Isi akun Anda sebesar $3000 dan dapatkan $1000 lebih banyak!
    Pada Februari kami mengundi $1000 dalam promo Chancy Deposit!
    Dapatkan kesempatan untuk menang dengan melakukan deposit sebesar $3000 pada akun trading Anda. Setelah memenuhi persyaratan ini, Anda telah menjadi partisipan promo.
    GABUNG KONTES
  • Trade Wise, Win Device
    Top up akun anda dengan dana minimal $500, daftar kontes, dan dapatkan peluang untuk memenangkan perangkat seluler.
    GABUNG KONTES
  • 100% Bonus
    Kesempatan langka untuk mendapatkan bonus 100% pada deposit anda
    DAPATKAN BONUS
  • 55% Bonus
    Ajukan bonus 55% pada setiap deposit anda
    DAPATKAN BONUS
  • 30% Bonus
    Raih bonus 30% setiap kali anda top up
    DAPATKAN BONUS

Recommended Stories

Analisis EUR/USD untuk 2 Februari 2023 - Tujuan naik tercapai

Analisis Teknikal: EUR/USD telah diperdagangkan naik seperti yang saya perkirakan dan harga telah mencapai tujuan naik di harga 1,0930 dan 1,1030. Ada potensi pergerakan naik lebih lanjut karena momentum kenaikan

Petar Jacimovic 10:54 2023-02-02 UTC+2

Analisis Emas untuk 02 Februari 2023 - Tujuan atas telah dicapai, potensi untuk pertumbuhan lebih lanjut

Analisis teknikal: Emas telah diperdagangkan naik seperti yang saya perkirakan dan harga telah mencapai tujuan atas pada harga $1,950. Bagaimanapun, saya melihat potensi pergerakan naik lebih lanjut karena momentum kenaikan

Petar Jacimovic 10:11 2023-02-02 UTC+2

Analisis Teknikal pada GBP/USD untuk 2 Februari 2023

Prospek Pasar Teknikal: Pantulan pasangan GBP/USD dibatasi di 1,2447 dan sejak saat itu pasar telah bergerak dalam kisaran trading sempit di bawah garis trend lokal. Level 1,2262 kini akan bertindak

Sebastian Seliga 09:49 2023-02-02 UTC+2

DSHUSD Potensial Untuk Kenaikan Bullish Ke swing high sebelumnya

Memperhatikan chart H4, pandangan keseluruhan saya untuk DSHUSD adalah bullish karena harga saat ini berada di atas Ichimoku cloud, yang menandakan pasar bullish. Mencari pullback buy entry di 61,72, dimana

Dean Leo 09:48 2023-02-02 UTC+2

Analisis teknis dari EUR/USD untuk 2 Februari, 2023

Prospek Pasar Teknis: Pasangan EUR/USD membuat ayunan tinggi baru di level 1,1033 (pada saat penulisan analisis ) setelah kenaikan FED suku bunga dari 4,5% menjadi 4,75% diperkirakan. Tren naik pada

Sebastian Seliga 09:37 2023-02-02 UTC+2

Analisis indikator: Ulasan harian dari GBP/USD pada 2 Februari, 2023

Pasangan pound-dolar bisa bergerak naik dari level 1,2368 (menutup candle harian kemarin) ke 1,2407, level pullback 76,4% (garis putus-putus kuning) Ketika menguji level ini, sebuah pergerakan turun memungkinkan dengan target

Stefan Doll 09:06 2023-02-02 UTC+2

Analisis indikator: Ulasan harian EUR/USD pada 2 Februari 2023

Analisis tren (Gambar 1). Pasangan euro-dolar mungkin bergerak naik dari level 1,0989 (penutupan candle harian kemarin) ke 1,1032, level pullback 76,4% (garis titik-titik biru). Dari level ini, harga mungkin bergerak

Stefan Doll 08:47 2023-02-02 UTC+2

Prakiraan untuk GBP/USD pada 2 Februari 2023

Kemarin pound Inggris naik 54 pips karena melanjutkan aksi mendatar yang sama di bawah resistance di 1,2420. Selera risiko diredam oleh lautan protes yang terjadi di Inggris kemarin ketika sekitar

Laurie Bailey 06:33 2023-02-02 UTC+2

Analisa Teknikal Pergerakan Harga Intraday Indeks Nasdaq 100, Kamis 02 Februari 2023

Bila Kita perhatikan chart 4 jamnya indeks Nasdaq 100 nampak jelas terlihat adanya penyimpangan antara pergerakan harga indeks tersebut dengan indikator Awesome Oscillator meski saat ini #NDX bergerak dengan harmonis

Arief Makmur 06:04 2023-02-02 UTC+2

Analisa Teknikal Pergerakan Harga Intraday Pasangan Mata Uang Silang GBP/CHF, Kamis 02 Februari 2023

Dengan kemunculan penyimpangan antara pergerakan harga dengan indikator Awesome Oscillator dan pergerakan harga yang bergerak dibawah Moving Average-nya di chart 4 jam pasangan mata uang Silang GBP/CHF dapat dengan jelas

Arief Makmur 05:58 2023-02-02 UTC+2
Tidak bisa bicara sekarang?
Tanyakan pertanyaan anda lewat chat.