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.
Today, the euro corrected again.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The short-term oil trend reversed down yesterday. The Intermediary Zone 88.86 – 88.49 was broken out. Now the target for sales is the lower Target Zone 85.11 – 84.36.
At the moment the price is correcting and testing the Additional Zone 88.87 – 88.68. The AZ is a strong resistance level in which it is possible to consider sales with a target at yesterday’s low.
If the Additional Zone is broken out, the correction will continue in the Intermediary Zone 90.93 – 90.55. The IZ serves as the border of a short-term downtrend. When the price reaches it, also look for sales.
USCrude trading ideas for today:
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Sell according to the pattern in Additional Zone 88.87 – 88.68. TakeProfit: 86.87. StopLoss: according to the pattern rules.
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Sell according to the pattern in Intermediary Zone 90.93 – 90.55. TakeProfit: 86.87. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
The short-term gold downtrend continued yesterday. As a result, traders hit October 11 low again. Now the price is correcting and testing the Additional Zone 1676 – 1675. While this zone is not broken out, consider gold sales according to the pattern with the target at today’s low.
If the Additional Zone is broken out upside, the correction will continue in the Intermediary Zone 1692 – 1689. The IZ serves as the trend’s border. It is also profitable to look for sales according to the pattern in the beforementioned IZ with the target at today’s low.
XAUUSD trading ideas for today:
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Sell according to the pattern in Additional Zone 1676 – 1675. TakeProfit: 1661. StopLoss: according to the pattern rules.
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Sell according to the pattern in Intermediary Zone 1692 – 1689. TakeProfit: 1661. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
Yesterday, the price corrected in the Intermediary Zone 0.9787 – 0.9776. The IZ was held. As a result the price fell and tested the Gold Zone 0.9681 – 0.9671 again.
Today, the euro corrected again. The probable target of the correction is to update yesterday’s high.
If yesterday’s high is updated, traders will have the opportunity to reverse the short-term trend up one by consolidating the price in the American session above the Intermediary Zone. If this happens, consider euro purchases with the target in the upper Target Zone 0.9904 – 0.9882.
If yesterday’s high is held, the decline will continue and the October 11 low will be updated. In this case, focus on sales according to the pattern.
EURUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 0.9787 – 0.9776. TakeProfit: 0.9671. 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 LiteFinance. 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.
