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.
Yesterday, the euro broke out the Intermediary Zone 0.9987 – 0.9977.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The short-term oil uptrend continued yesterday. As a result, the Target Zone 89.51 – 88.76 was reached. After that, the price corrected and tested the Additional Zone 87.42 – 87.23. If the AZ is held, the rise will continue, and yesterday’s high will be updated.
If the Additional Zone is broken out downside and the price consolidates below, the correction will continue with the target in the Intermediary Zone 85.54 – 85.17. It is also profitable to consider new purchases in the IZ with a target at yesterday’s high.
USCrude trading ideas for today:
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Buy according to the pattern in Additional Zone 87.42 – 87.23. TakeProfit: 89.24. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 85.54 – 85.17. TakeProfit: 89.24. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
Gold is trading in a short-term uptrend. The growth target is to update October 26 high. At the moment, traders are testing the Additional Zone 1660 – 1659 and trying to break it out downside.
If the sellers manage to break out the Additional Zone, the correction will continue with the target in the Intermediary Zone 1646 – 1643. The IZ serves as the trend key support. If it is reached by price, consider purchases according to the pattern with the target at October 26 high.
To enter gold sales, traders need to break out the Intermediary Zone and close the price lower in the American trading session.
XAUUSD trading ideas for today:
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Buy according to the pattern in Additional Zone 1660 – 1659. TakeProfit: 1675. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 1646 – 1643. TakeProfit: 1675. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
Yesterday, the euro broke out the Intermediary Zone 0.9987 – 0.9977. The short-term trend reversed down. Now the target for sales is the lower Target Zone 0.9881 – 0.9860.
Consider new euro sales on correction after the test of strong resistance levels, the Additional Zone 1.0015 – 1.0010 and the Intermediary Zone 1.0074 – 1.0063. The latter serves as the border of a short-term downtrend. Focus on yesterday’s low as the first target for sales.
EURUSD trading ideas for today:
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Sell according to the pattern in Additional Zone 1.0015 – 1.0010. TakeProfit: 0.9960. StopLoss: according to the pattern rules.
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Sell according to the pattern in Intermediary Zone 1.0074 – 1.0063. TakeProfit: 0.9960. 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.