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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.
Yesterday, gold corrected downwards and reached support (A).
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Traders are trying to break out support (A) 77.01 – 76.68. However, buyers are holding this zone. Therefore, expect a buy pattern to form near this zone. If the pattern is formed, open a long trade with the target at March 1 high.
If, during trading, support (A) is broken out downside, the correction will continue with the target at support (B). It will also be profitable to look for purchases in this zone.
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
Yesterday, gold corrected downwards and reached support (A) 2151 – 2146. The zone was held, therefore, consider purchases according to the pattern with a target at March 8 high.
If, as a result of trading, support (A) is broken out downside, the correction will continue with the target at support (B) 2129 – 2122. This zone serves as the short-term uptrend’s border. It will be profitable to consider purchases there.
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 to the short-term uptrend. Yesterday, the price approached support (A) 1.0897 – 1.0888. Today sellers will try to test this zone again. After testing support (A), expect a pattern to form and open a long trade with a target at March 8 high.
If support (A) is broken out downside during trading, the correction will continue with the target at support (B) 1.0855 – 1.0842. Support (B) serves as the trend border. Thus, it is also possible to 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 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.
