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.
Yesterday, the euro reversed its short-term uptrend.
The article covers the following subjects:
Major Takeaways
-
USCrude: oil may continue to decline with the target of 68.56.
-
XAUUSD: gold has reversed its short-term uptrend. The bearish target is the Target Zone 2553 – 2536.
-
EURUSD: the euro has reversed its uptrend. The price is trading in an upward correction.
Oil Price Forecast for Today: USCrude Analysis
Oil attempts to break through the resistance (B) 70.85 – 70.45. Yesterday, the price once again tested this zone but failed to pierce it. Therefore, consider short trades today with the first target of 68.56. The second bearish target will be the December low of 66.83. If the asset manages to consolidate below this low, the short-term downtrend will continue with the target in the Gold Zone 65.93 – 65.63.
The price should break through and settle above the 71.36 level to create buying opportunities.
USCrude Trading Ideas for Today:
Sell at 70.85 – 70.45. TakeProfit: 68.56, 66.83. StopLoss: 71.55.
Gold Forecast for Today: XAUUSD Analysis
Gold reversed its short-term uptrend and broke through the support (B) 2639 – 2631 yesterday. Now, the bearish target is the lower Target Zone 2553 – 2536.
Consider short trades at the strong resistance (A) 2647 – 2641 and resistance (B) 2678 – 2670. It is advisable to confirm the entry point near these resistance levels by any candlestick pattern.
The price should pierce and consolidate above the 2678 mark in the US trading session to allow traders to open long positions.
XAUUSD Trading Ideas for Today:
Sell at resistance (A) 2647 – 2641. TakeProfit: 2615. StopLoss: 2659.
Euro/Dollar Forecast for Today: EURUSD Analysis
Yesterday, the euro reversed its short-term uptrend and broke through the support (B) 1.0491 – 1.0478. Afterward, the asset reached the lower Target Zone 1.0353 – 1.0326. Currently, the price is trading in an upward correction, targeting the resistance (A) 1.0445 – 1.0435. Once this zone is tested, one may consider short trades with the main target near yesterday’s low.
If the asset pierces the resistance (A) today, the correction will continue to the resistance (B) 1.0495 – 1.0481. Consider short trades near this zone.
EURUSD Trading Ideas for Today:
Sell at resistance (A) 1.0445 – 1.0435. TakeProfit: 1.0394, 1.0343. StopLoss: 1.0462.
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/litefinance
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.
{{value}} ( {{count}} {{title}} )
This post is originally published on LITEFINANCE.
