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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.
The euro is declining from the Target Zone.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Yesterday, traders tested support (A) 77.01 – 76.68. This support was held, and the price went up from it. If growth continues today, the purchase target will be March 1 high. After updating this high, the next purchase target will be the upper Target Zone 82.34 – 81.35.
If, during trading, support (A) is broken out and the price consolidates lower, the next correction target will be support (B) 75.36 – 74.87. Support (B) serves as the trend’s border. You can also consider purchases there.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 77.01 – 76.68. TakeProfit: 80.28. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 75.36 – 74.87. TakeProfit: 80.28. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
After reaching Target Zone 2, 2200 – 2191 last week, the price went into a correction. The correction may continue today. In this case, expect the price to reach support (A) 2151 – 2146. After testing this zone, consider new purchases with a target at March 8 high.
The short-term uptrend’s border has formed in the zone of 2129 – 2122. If the price reaches this zone, then it will also be possible to consider purchases there.
An alternative scenario implies the Target Zone 2 breakout and the price consolidation above. The next growth target will be Gold Zone 2, 2240 – 2235.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 2151 – 2146. TakeProfit: 2193. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 2129 – 2122. TakeProfit: 2193. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro continues to correct downwards from the Target Zone 1.0972 – 1.0946. If today the fall continues, expect a test of support (A) 1.0897 – 1.0888. After the test, consider new purchases with a target at March 8 high. If support (A) is broken out downside, the correction will continue to support (B) 1.0855 – 1.0842. This zone serves as the trend’s border. You can also consider purchases there.
EURUSD trading ideas for today:
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Buy according to the pattern at support (А) 1.0897 – 1.0888. TakeProfit: 1.0979. StopLoss: at the breakeven.
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Buy according to the pattern at support (В) 1.0855 – 1.0842. TakeProfit: 1.0979. 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.
