.jpg)
Hello fellow traders! I have prepared price forecasts for the US crude, XAU/USD and EUR/USD pairs using a combination of margin zone methodology and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Yesterday, the euro traded in a downward correction.
The article covers the following topics:
Key points and highlights
-
US Crude Oil: Oil continues its upward correction. Possible targets for the correction are Resistance (A) or Resistance (B). Short trades can be considered after reaching these areas.
-
Gold vs. US Dollar: Gold is trading in a bearish correction within a short-term uptrend. The asset tested support level (A) yesterday. Consider long trades according to the pattern today.
-
EURUSD: The euro is heading towards a downward correction within a short-term uptrend. Once the price tests strong support levels, consider long trades.
Oil Price Forecast Today: US Crude Analysis
oil The stock is trading in an upward correction. The potential target for the correction is Resistance (A) 74.98 – 74.65. After testing this area, one can consider short selling trades according to the pattern with the main target at the low of August 21.
If the asset breaks through the resistance level (A), the correction will continue to the resistance level (B) 76.79 – 76.30, which is the boundary of the short-term downtrend. Consider placing short sell trades in this area.
US Crude Oil Trading Ideas for Today:
-
Sell according to the pattern at resistance level (A) 74.98 – 74.65. Take profit: 71.42. Stop loss: according to the pattern rules.
-
Sell according to the pattern at resistance level (B) 76.79 – 76.30. Take profit: 71.42. Stop loss: according to the pattern rules.
Gold Forecast Today: Gold/USD Analysis
yesterday, gold The price reached the support level (A) 2481 – 2476 during a correction within the short-term uptrend. The bulls managed to keep the price above this area. If a bullish pattern appears today, consider long trades with the first target 2504 and the second 2531.
If the asset breaks the support level (A) today, the correction will continue until the trend line 2456 – 2449. Once the price tests the line, consider long trades according to the pattern.
XAUUSD Trading Ideas Today:
-
Buy according to the pattern at support (A) 2481 – 2476. Take profit: 2530. Stop loss: according to the pattern rules.
-
Buy according to the pattern at support (B) 2456 – 2449. Take profit: 2530. Stop loss: according to the pattern rules.
EUR/USD Forecast for Today: EUR/USD Analysis
yesterday, euro Corrected downwards. Short term trend still up.
If the correction continues today, the price may test the support level (A) 1.1090 – 1.1081. Once the asset tests this area and a buy signal appears, one may consider long trades. The first upside target will be the 1.1127 level, and the second will be the high of August 21 at 1.1174.
If the price breaks the support level (A) today, the correction will continue to the support level (B) 1.1048 – 1.1035, which is the trend boundary. Once this area is tested, one can consider long trades.
EUR/USD Trading Ideas Today:
-
Buy according to the pattern at support (A) 1.1090 – 1.1081. Take profit: 1.1127, 1.1174. Stop loss: according to the pattern rules.
-
Buy according to the pattern at support level (b) 1.1048 – 1.1035. Take profit: 1.1174. Stop loss: according to the pattern rules.
Note: Did you like my article? Share it on social media: it will be a better “thank you” 🙂
Ask me questions and comment below, I will be happy to answer your questions and provide necessary clarifications.
Useful links:
- I advise you to try trading with a reliable broker. hereThe 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 LiteFinance. Simply enter this code in the appropriate field while Deposit Your trading account.
- Telegram chat for traders: https://t.me/litefinancebrokerchatWe share signals and trading experience.
- Telegram channel with high-quality analysis, Forex reviews, training articles and other useful stuff for traders. https://t.me/litefinance
EURUSD currency pair real time price chart
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.
