.jpg)
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 trying to continue rising from the support level (A) 1.0811 – 1.0802.
The article covers the following topics:
Oil price forecasts for today: US crude analysis
Oil continues to fall within the short-term downtrend. The downside target is the May 24 low. If the price consolidates below this level, the next selling target will be the gold area 73.81 – 73.48. Today it is better to keep sell positions open near resistance (B) 80.97 – 80.52. These trades can be moved to break-even.
If the price starts to grow today and breaks through resistance (B), the short-term downtrend will reverse.
American crude Trading ideas for today:
Sales held at resistance (B) 80.97 – 80.52. Take Profit: 76.12. StopLoss: According to the rules of the pattern.
Gold forecast for today: XAUUSD analysis
Yesterday, gold maintained an upward correction after reaching below the May 24 low. The price may test the resistance level (A) 2377 – 2372 within the correction zone. Consider selling the instrument targeting yesterday’s low from this area.
If resistance (A) is broken, the correction will continue to resistance (B) 2405 – 2397. This area is the trend boundary, so consider short trades from this area.
HowUSD Trading ideas for today:
-
Sell according to the pattern at resistance (A) 2377 – 2372. TakeProfit: 2324. StopLoss: according to the rules of the pattern.
-
Sell according to the pattern at resistance (B) 2405 – 2397. TakeProfit: 2324. StopLoss: according to the rules of the pattern.
EUR/USD forecast for today: EUR/USD analysis
The Euro is trying to rise from the support level (A) 1.0811 – 1.0802. The first and second growth targets will be the highest levels on May 28 and 16, respectively. To open buy trades, wait until a reversal pattern is formed.
If support (A) is broken today, the correction will continue to support (B) 1.0769 – 1.0756. This area is the trend boundary, and you can also buy euros in this area.
Euro against the US dollar Trading ideas for today:
-
Buy according to the pattern at support (A) 1.0811 – 1.0802. Take profit: 1.0885, 1.0895. StopLoss: According to the rules of the pattern.
-
Buy according to the pattern at support (B) 1.0769 – 1.0756. Take profit: 1.0885, 1.0895. StopLoss: According to the rules of the pattern.
Note: Did you like my article? Share it on social networks: it will be a better “Thank you” 🙂
Ask me questions and comment below. I will be happy to answer your questions and provide the necessary clarifications.
Useful Links:
- I recommend trying to trade with a reliable broker here. The system allows you to trade yourself or copy successful traders from all over the world.
- Use my promo code BLOG to get a 50% deposit bonus on the LiteFinance platform. Just enter this code in the appropriate field while Deposit Your trading account.
- Telegram chat for traders: https://t.me/litefinancebrokerchat. We share signals and trading experience
- Telegram channel contains high-quality analysis, Forex reviews, training articles and other useful things for traders https://t.me/litefinance
EUR/USD 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.
