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Welcome fellow traders! I have created USCrude, XAUUSD and EURUSD price forecasts using a combination of margin zones methodology and technical analysis. Based on market analysis, I suggest entry signals for intraday traders.
The Euro is in a short-term downtrend.
The article covers the following topics:
Oil price forecasts for today: US crude analysis
Oil price failed to breach the target area 82.34 – 81.44 and is now trading in a corrective move. If the correction continues, the price will test support (A) 78.68 – 78.38. Next, consider long trades according to the pattern with the target at the high of June 25.
If the price breaks support (A) today, the correction will continue to support (B) 77.20 – 76.75, which is the trend limit. Consider long trades in this area.
American crude Trading ideas for today:
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Buy as per the pattern at support (A) 78.68 – 78.38. Take profit: 81.60. StopLoss: According to the rules of the pattern.
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Buy as per the pattern at support (B) 77.20 – 76.75. Take profit: 81.60. StopLoss: According to the rules of the pattern.
Gold forecast for today: XAUUSD analysis
Gold continues its short-term downward trend, as the price reached the first downward target on June 21, and the second target is now at 2287, and if the asset reaches the 2287 level, it will attempt to penetrate the target area 2300 – 2285, and once the price stabilizes below this area, the target Next bearish will be the gold zone 2250 – 2245.
Gold price must break the 2369 level to reverse the trend and create buying opportunities. In this case, the short-term trend will appear upward, and the upside target will be in the upper target zone 2451 – 2436.
HowUSD Trading ideas for today:
Hold sales opened at resistance (B) 2369 – 2361. TakeProfit: 2287. StopLoss: at breakeven point.
EUR/USD forecast for today: EUR/USD analysis
The euro price falls within a short-term downward trend with a target of 1.0670. After reaching this target, the price will test the target area 1.0664 – 1.0638. If the asset breaks the target zone, the next downside target will be the gold zone 1.0580 – 1.0571.
The alternative scenario indicates that prices will rise and break the 1.0760 level. In this case, the correction will continue to the limits of the short-term downtrend at 1.0806 – 1.0793. Consider selling trades when the price reaches this area.
Euro against the US dollar Trading ideas for today:
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Sell trades were opened at resistance (A) 1.0760 – 1.0751. Take profit: 1.0670. StopLoss: At the break-even point.
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Sell according to the pattern at resistance (B) 1.0806 – 1.0793. Take Profit: 1.0670. StopLoss: According to the pattern rules.
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EURUSD price chart in real time mode
The content of this article reflects the opinion of the author 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 providing investment advice for the purposes of Directive 2004/39/EC.
