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I welcome my fellow traders! I have made a price forecast for the USCrude, 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.
Gold maintained its short-term uptrend yesterday.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Oil continues to trade in a short-term bullish trend. Yesterday, the price tested support (A) 84.36 – 84.09 again. Bulls managed to keep the price above this level, so today, consider opening long trades with a target at the April 5 high. If oil reaches above the April 5 high, the next target will be within the Target Zone 2, 88.61 – 87.95.
If the price breaches support (A) from above, the correction will likely continue to support (B) 82.99 – 82.58. This zone is the trend border. You can also consider buying from this zone.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 84.36 – 84.09. TakeProfit: 87.05. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 82.99 – 82.58. TakeProfit: 87.05. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Gold’s short-term bullish trend continued yesterday. The asset reached above the April 9 high and tested the Target Zone 4, 2376 – 2367. Today, the Target Zone 4 was breached, and the next bullish target is the Gold Zone 4, 2416 – 2411.
Long trades can be opened on the correction from support (A) 2351 – 2346 and support (B) 2327 – 2320. To open long positions from these areas, wait for the formation of the corresponding pattern. The first growth target will be today’s high.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 2351 – 2346. TakeProfit: 2396. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 2327 – 2320. TakeProfit: 2396. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro continues to trade in a short-term bearish trend. Today, the price has breached the Target Zone 1.0729 – 1.0704. The next bearish target is the Gold Zone 1.0645 – 1.0636.
Short trades can be opened on corrections from resistance (A) 1.0768 – 1.0759 and resistance (B) 1.0814 – 1.0801. Wait for a reversal pattern to open sales from these areas. The first selling target will be today’s low.
As for long trades and a trend reversal, the pair should consolidate above 1.0814.
EURUSD trading ideas for today:
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Sell according to the pattern at resistence (А) 1.0768 – 1.0759. TakeProfit: 1.0678. StopLoss: according to the pattern rules.
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Sell according to the pattern at resistence (В) 1.0814 – 1.0801. TakeProfit: 1.0678. StopLoss: according to the pattern rules.
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Price chart of XAUUSD 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.
