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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 oil continues to trade in correction.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The oil continues to trade in correction to the short-term uptrend. Today, traders are trying to break out the Target Zone 82.34 – 81.35. If the zone is held, the correction will continue with the target at support (A) 79.73 – 79.40. After reaching this support, consider new purchases with a target at March 19 high.
If, during trading, the Target Zone is broken out upside, the next target for purchases will be the Gold Zone 84.98 – 84.65. Also keep in mind that if March 19 high is updated, the support zones will need to be rearranged.
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
On March 22, traders tested the key support of the short-term uptrend 2156 – 2149. This zone was held by buyers. Therefore, expect a buy pattern today. If a pattern appears, open long trades with the target at March 21 high.
If, during trading, the support (B) 2156 – 2149 is broken out downside and the price consolidates lower, the short-term trend will reverse down. In this case, consider sales with a target in the lower Target Zone 2090 – 2077.
XAUUSD trading ideas for today:
Buy according to the pattern at support (В) 2156 – 2149. TakeProfit: 2220. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
After a strong fall at the end of last week, the euro is correcting with a target at resistance (A) 1.0894 – 1.0885. Once resistance is tested, consider new sales with a target at March 22 low. If this low is updated and the price consolidates lower, the next sales target will be the Target Zone 1.0729 – 1.0704.
The trend border shifts to 1.0940 – 1.0927. If, during trading, the price reaches this zone, then it will also be possible to consider sales there.
EURUSD trading ideas for today:
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Sell according to the pattern at resistance (А) 1.0894 – 1.0885. TakeProfit: 1.0803. StopLoss: according to the pattern rules.
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Sell according to the pattern at resistance (В) 1.0940 – 1.0927. TakeProfit: 1.0803. StopLoss: according to the pattern rules.
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Price chart of USCRUDE 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.
