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, traders tested the Additional Zone 78.35 – 78.14
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Yesterday, traders tested the Additional Zone 78.35 – 78.14. The zone was held. Therefore, the short-term downtrend continues. September 26 low serves as the target for sales.
It is profitable to consider new short trades as close to the Additional Zone as possible. Otherwise, if it is broken out upside, consider sales in the Intermediary Zone 80.68 – 80.25. The IZ serves as the border of a short-term downtrend.
When prices fall and the September 26 low is updated, rearrange strong resistance zones.
USCrude trading ideas for today:
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Sell according to the pattern in Additional Zone 78.35 – 78.14. TakeProfit: 76.11. StopLoss: according to the pattern rules.
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Sell according to the pattern in Intermediary Zone 80.68 – 80.25. TakeProfit: 76.11. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
The gold price didn’t break out the Additional Zone 1636 – 1635. The short-term downtrend continues. Traders are trying to update September 26 low. The next target for sales is Target Zone 3 1612 – 1606.
Since the local low has been updated, it is necessary to rearrange the resistance zones. The Additional Zone is shifting to the zone of 1635 – 1634, while the Intermediary Zone to 1651 – 1648. Consider new sales on correction at these resistance zones.
XAUUSD trading ideas for today:
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Sell according to the pattern in Additional Zone 1635 – 1634. TakeProfit: 1620. StopLoss: according to the pattern rules.
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Sell according to the pattern in Intermediary Zone 1651 – 1648. TakeProfit: 1620. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro decline continued yesterday. Today September 26 low, which is in the Target Zone 3 0.9561 – 0.9540, was updated. If the TZ 3 is broken out, and the price consolidates lower, the next target for sales will be the Gold Zone 3 0.9455 – 0.9445.
It is profitable to consider new sales on correction at strong resistance levels, the Additional Zone 0.9600 – 0.9595 and the Intermediary Zone 0.9658 – 0.9648. The latter serves as the border of a short-term downtrend.
EURUSD trading ideas for today:
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Sell according to the pattern in Additional Zone 0.9600 – 0.9595. TakeProfit: 0.9545. StopLoss: according to the pattern rules.
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Sell according to the pattern in Intermediary Zone 0.9658 – 0.9648. TakeProfit: 0.9545. StopLoss: according to the pattern rules.
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Price chart of USCRUDE 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.