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.
Within the short-term uptrend, the EURUSD reached the Target Zone 2, 0.9981 – 0.9959 and tried to break it out.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The short-term oil uptrend continues. Yesterday, the Target Zone 85.32 – 84.48 was broken out. The next target for purchases is the Gold Zone 89.13 – 88.70. Consider new purchases on correction at strong support levels, Additional Zone 84.23 – 84.02 and Intermediary Zone 82.12 – 81.70.
The Intermediary Zone also serves as the short-term uptrend’s border. As long as the price is above the aforementioned IZ, long trades will remain a priority. Focus on yesterday’s high as the first target for purchases.
USCrude trading ideas for today:
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Buy according to the pattern in Additional Zone 84.23 – 84.02. TakeProfit: 86.27. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 82.12 – 81.70. TakeProfit: 86.27. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
Yesterday, the short-term gold uptrend continued. The Gold Zone 1703 – 1700 was broken out. Then the Target Zone 2, 1734 – 1728 was reached. After that, gold corrected. The test of the Additional Zone 1715 – 1713 serves as the probable target of the correction.
After the AZ test, look for a buy pattern with a target at yesterday’s high. If during the trading session the Additional Zone is broken out downside, the correction will continue with the target in the trend border of 1700 – 1698.
If the price tests the trend border, then, first of all, focus on looking for long trades with the target at yesterday’s high.
XAUUSD trading ideas for today:
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Buy according to the pattern in Additional Zone 1715 – 1713. TakeProfit: 1728. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 1700 – 1698. TakeProfit: 1728. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
Within the short-term uptrend, the EURUSD reached the Target Zone 2, 0.9981 – 0.9959 and tried to break it out. The zone was held yesterday. So today a corrective pattern is developing with the target to test the Additional Zone 0.9946 – 0.9941.
After the AZ test, consider new euro purchases with a target at yesterday’s high. If the AZ is broken out downside, the correction will continue with the target in the Intermediary Zone 0.9893 – 0.9883.
If Target Zone 2 is broken out upside during the trading and the price closes higher in the American trading session, the next target within the trend will be the Gold Zone 2, 1.0076 – 1.0065.
EURUSD trading ideas for today:
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Buy according to the pattern in Additional Zone 0.9946 – 0.9941. TakeProfit: 0.9998. StopLoss: according to the pattern rules.
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Buy according to the pattern in Intermediary Zone 0.9893 – 0.9883. TakeProfit: 0.9998. 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.