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.
The euro continued its short-term downtrend yesterday.
The article covers the following subjects:
Highlights and key points
-
USCrude: short trades on oil opened at the resistance (B) have reached the first target of 69.28. The second target is 66.56.
-
XAUUSD: gold continues to decline within the short-term downtrend.
-
EURUSD: the euro has pierced the Gold Zone 1.0682 – 1.0670 within a short-term downtrend.
Oil price forecast for today: USCrude analysis
Yesterday, oil continued to fall and hit the first bearish target near 69.28 within a short-term downtrend. The next bearish target is 66.56. If the price breaks through the 66.56 level, the price may continue to drop.
USCrude trading ideas for today:
Hold up sales below 69.28. TakeProfit: 66.56. StopLoss: at the breakeven.
Gold forecast for today: XAUUSD analysis
Gold has touched the lower Target Zone 2625 – 2608 within the short-term downtrend. Thus, short trades opened at the resistance (A) 2706 – 2700 have reached all the targets. If the price pierces and consolidates below the Target Zone, the next bearish target will be the Gold Zone 2570 – 2564.
Consider short trades at the strong resistance (A) 2666 – 2660 and resistance (B) 2698 – 2689.
XAUUSD trading ideas for today:
Sell at resistance (A) 2666 – 2660. TakeProfit: 2634, 2603. StopLoss: 2678.
Euro/Dollar forecast for today: EURUSD analysis
Yesterday, the euro continued its short-term downtrend. As a result, the price has breached the Gold Zone 1.0682 – 1.0670. The next bearish target is the Target Zone 3, 1.0570 – 1.0547. Consider short trades on a correction at the strong resistance (A) 1.0752 – 1.0741 and resistance (B) 1.0814 – 1.0797 with the main target at today’s low.
EURUSD trading ideas for today:
Sell at resistance (A) 1.0752 – 1.0741. TakeProfit: 1.0691, 1.0629. StopLoss: 1.0771.
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.
