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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 trading in a short-term uptrend.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Traders are trying to consolidate the price above the Target Zone 82.34 – 81.35. If successful, the next growth target in the short-term uptrend will be the Gold Zone 84.98 – 84.65.
If the price decreases, sellers will test support (A) 79.73 – 79.40. After the test, consider new purchases with a target at yesterday’s high. The trend border is at 78.08 – 77.59.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 79.73 – 79.40. TakeProfit: 82.97. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 78.08 – 77.59. TakeProfit: 82.97. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
The short-term gold uptrend continues. This week, traders are testing support (A) 2151 – 2146. The zone is held by buyers. Therefore, it is possible to consider purchases according to the pattern with the target at March 8 high in the beforementioned support. If March 8 high is updated, the Target Zone of 2200 – 2191 will be broken out. In this case, the next growth target will be the Gold Zone 2240 – 2235.
The trend key support is shifting to levels 2129 – 2122. It will also be possible to consider purchases in this zone if the price corrects towards it.
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 is trading in a short-term uptrend. Yesterday, the price reached the trend key support of 1.0855 – 1.0842. It is possible to consider purchases according to the pattern with the target at March 8 high in the beforementioned support. If March 8 high is updated, the next growth target will be the Gold Zone 1.1039 – 1.1030.
If, during trading, the support 1.0855 – 1.0842 is broken out downside and the price consolidates lower, the short-term trend will reverse down. In this case, from the next trading day, consider sales with a target in the lower Target Zone 1.0729 – 1.0704.
EURUSD trading ideas for today:
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.
