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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.
USCrude corrected to support (А) 84.36 – 84.09.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Oil price corrected to support (A) 84.36 – 84.09. Now, it is trying to rise from this area to a possible growth target at the April 5 high. The short-term trend remains bullish. If the price exceeds the April 5 high, the next upside target will likely be the Target Zone 2, 88.61 – 87.95.
If support (A) is violated from above, the correction may continue to support (B) 82.99 – 82.58. This area also offers entry points into long trades.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 84.36 – 84.09. TakeProfit: 87.05. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 82.99 – 82.58. TakeProfit: 87.05. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Gold is trading in a short-term bullish trend. Today, the price broke through the Gold Zone 3, 2328 – 2323. The next bullish target is the Target Zone 4, 2376 – 2367. Consider new purchases on corrections from support (A) 2306 – 2302 and support (B) 2283 – 2276. The first target for long trades will be today’s high.
At the same time, market participants should pierce support (B) and consolidate below this level to sell the asset.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 2261 – 2257. TakeProfit: 2304. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 2239 – 2233. TakeProfit: 2304. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro remains in a short-term bearish trend. Last week, market participants tested resistance (B) 1.0863 – 1.0850. However, the price remained below this level. This week, consider selling the instrument from this zone with the target at the April 2 low.
If the April 2 low is breached, the pair may pierce the Target Zone 1.0729 – 1.0704. If the price consolidates below the Target Zone, the next bearish target will be the Gold Zone 1.0645 – 1.0636.
EURUSD trading ideas for today:
Sell according to the pattern at resistance (В) 1.0863 – 1.0850. TakeProfit: 1.0725. 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.
