.jpg)
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 buyers tried to continue the short-term uptrend.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The short-term oil uptrend continues. Yesterday, a buy pattern was formed. Today, consider long trades on a downward correction. The target for purchases will be March 1 high. If the price consolidates above March 1 high, the next target for purchases will be the upper Target Zone 82.34 – 81.35.
The trend border is at 75.36 – 74.87. As long as the price is trading above this zone, it is profitable to consider purchases.
USCrude trading ideas for today:
-
Buy according to the pattern at support (А) 77.01 – 76.68. TakeProfit: 80.28. StopLoss: according to the pattern rules.
-
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, the short-term uptrend could continue after the test of support (A) 2151 – 2146. However, traders failed to update March 8 high. Today the price is trying to correct downwards again. If the decline continues, expect an update of March 12 low. In this case, support (A) will be broken out, and the price will reach support (B) 2129 – 2122. After testing support (B), start considering purchases again.
XAUUSD trading ideas for today:
-
Buy according to the pattern at support (А) 2151 – 2146. TakeProfit: 2193. StopLoss: according to the pattern rules.
-
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
Yesterday, the euro once again reached the Target Zone of 1.0972 – 1.0946. This zone has not been broken out, so don’t expect further growth. If sellers hold the TZ, the second correction wave will begin, within which sellers will reach support (A) 1.0897 – 1.0888. After reaching support (A), consider new purchases according to the pattern with the target at March 8 high.
If buyers manage to break out the Target Zone and consolidate the price higher, the next target for purchases will be the Gold Zone 1.1039 – 1.1030.
EURUSD trading ideas for today:
-
Buy according to the pattern at support (А) 1.0897 – 1.0888. TakeProfit: 1.0979. StopLoss: at the breakeven.
-
Buy according to the pattern at support (В) 1.0855 – 1.0842. TakeProfit: 1.0979. StopLoss: according to the pattern rules.
P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂
Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.
Useful links:
- I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
- Use my promo code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
- Telegram chat for traders: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experience
- Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex
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.
