I welcome my fellow traders! I have made a price forecast for US Crude, XAUUSD, and EURUSD using a combination of margin zones methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
The short-term euro trend has reversed up. Yesterday, the Intermediary Zone 1.2148 – 1.2139 was broken out.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Yesterday, players broke out level 66.02 without providing a sell pattern within a short-term downtrend. Traders are testing the resistance level 66.54. If it is broken out, the trend will reverse up, and the target for purchases will be the upper Target Zone 68.94 – 68.41.
Otherwise, when the price returns under the resistance level 65.76, look for an opportunity to sell oil with the first target at level 63.32.
USCrude trading ideas for today:
Watch the market.
Gold price forecast for today: XAUUSD analysis
Yesterday, traders tested the local support Additional Zone 1844 – 1843. There started an accumulation of buy positions, and the price updated the local high of the day. The Target Zone 1858 – 1853 was also broken out. Now, the Gold Zone 1878 – 1876 serves as the target within the trend.
It is profitable to consider new purchases in the new Additional Zone 1862 – 1861 and the Intermediary Zone (trend borders) 1851 – 1849. To open a deal, wait for the pattern as confirmation.
XAUUSD trading ideas for today:
Buy according to the pattern in Additional Zone 1862 – 1861. TakeProfit: 1871, Gold Zone 1878 – 1876. StopLoss: according to the pattern rules.
Buy according to the pattern in Intermediary Zone 1851 – 1849. TakeProfit: 1871, Gold Zone 1878 – 1876. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The short-term euro trend has reversed up. Yesterday, the Intermediary Zone 1.2148 – 1.2139 was broken out. Now, the Target Zone 1.2245 – 1.2227 serves as a target.
It is profitable to look for euro purchases on correction at strong support levels. Additional Zone 1.2142 – 1.2138 and Intermediary Zone 1.2098 – 1.2089 are strong supports today. Take a part of the profits at the local high of the day, if the market gives such an opportunity.
EURUSD trading ideas for today:
Buy according to the pattern in Additional Zone 1.2142 – 1.2138. TakeProfit: 1.2185, Target Zone 1.2245 – 1.2227. StopLoss: according to the pattern rules.
Buy according to the pattern in Intermediary Zone 1.2098 – 1.2089. TakeProfit: 1.2185, Target Zone 1.2245 – 1.2227. StopLoss: according to the pattern rules.
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Price chart of EURUSD in real time mode
The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.