.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.
The short-term euro downtrend continues.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The short-term oil trend remains up. Traders are trying to break out the Target Zone 82.34 – 81.35. If they succeed, the next growth target will be the Gold Zone 84.98 – 84.65. If the TZ is held, the correction will start.
In this case, expect the price in the support (A) 79.73 – 79.40. After testing this support, consider new purchases with a target at March 19 high.
If, during trading, support (A) is broken out downside, the next correction target will be support (B) 78.08 – 77.59. This zone serves as the trend border.
USCrude trading ideas for today:
-
Buy according to the pattern at support (А) 79.73 – 79.40. TakeProfit: 82.97. StopLoss: according to the pattern rules.
-
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
Gold is rising within the short-term uptrend. The growth target is March 21 high. If this high is updated, the next growth target will be the Gold Zone 2240 – 2235. Therefore, today it is profitable to hold purchases entered at support (A) 2178 – 2174 or near support (B) 2156 – 2149.
The support (B) 2156 – 2149 serves as the trend’s border. If the price breaks out this zone down and consolidates lower, the trend will reverse down. In this case, the sales target will be the lower Target Zone 2090 – 2077.
XAUUSD trading ideas for today:
Hold up purchases entered in the zone of 2178 – 2149. TakeProfit: 2220. StopLoss: 2166.
Euro/Dollar forecast for today: EURUSD analysis
The short-term euro downtrend continues. Today, the price is trying to update March 22 low. If euro consolidates lower, the next sales target will be the Target Zone 1.0729 – 1.0704. Otherwise, a correction will begin.
If a correction develops, expect the price to reach resistance (A) 1.0894 – 1.0885 or resistance (B) 1.0940 – 1.0927. After reaching these resistances, it will be profitable to consider new sales according to the pattern. The sales target will be today’s low.
EURUSD trading ideas for today:
-
Sell according to the pattern at resistance (А) 1.0894 – 1.0885. TakeProfit: 1.0803. StopLoss: according to the pattern rules.
-
Sell according to the pattern at resistance (В) 1.0940 – 1.0927. TakeProfit: 1.0803. 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 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.
