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 euro is strengthening within a short-term uptrend.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Today, oil is trading in a short-term uptrend. The upper Target Zone 85.32 – 84.48 serves as the main target for purchases. Now a correction is developing, within which traders are testing the Additional Zone 80.38 – 80.17.
If the Additional Zone is held, the upward impulse will begin, with the first target to update yesterday’s high. Therefore, now it is profitable to consider purchases according to the pattern.
If the Additional Zone is broken out downside, the correction will continue with the target in the Intermediary Zone 78.27 – 77.85. The IZ serves as the uptrend’s border. After reaching it, also consider purchases.
USCrude trading ideas for today:
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Buy according to the pattern in Additional Zone 80.38 – 80.17. TakeProfit: 82.45. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 78.27 – 77.85. TakeProfit: 82.45. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
Yesterday, traders tested the Additional Zone 1548 – 1547, but it was held. The September 28 high has been updated. Gold continues to trade in a short-term uptrend. Its main target is the upper Target Zone 1677 – 1671.
After reaching the upper Target Zone, the market has two options. The first option implies breaking out of the aforementioned zone and the price consolidation higher. In this case, the next target for purchases will be the Gold Zone 1703 – 1700. The second option involves a correction development that will provide buyers with new favorable prices for opening long trades.
XAUUSD trading ideas for today:
Watch the market.
Euro/Dollar forecast for today: EURUSD analysis
The euro is strengthening within a short-term uptrend. Yesterday, the Target Zone 0.9769 – 0.9747 was broken out. The next target for purchases is the Gold Zone 0.9864 – 0.9853. If the GZ is also broken out upside, the growth will continue to the Target Zone 2 0.9981 – 0.9959.
It is profitable to consider new purchases on correction at strong levels, an Additional Zone 0.9791 – 0.9785 and an Intermediary Zone 0.9738 – 0.9727. To enter purchases, wait for the test of levels, look for a reversal pattern and open a trade. Focus on today’s high as the first target for purchases.
EURUSD trading ideas for today:
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Buy according to the pattern in Additional Zone 0.9791 – 0.9785. TakeProfit: 0.9840. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 0.9738 – 0.9727. TakeProfit: 0.9840. 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.
