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 continues to decline.
The article covers the following subjects:
Highlights and key points
-
USCrude: oil maintains its short-term downtrend. The main bearish target is 66.56.
-
XAUUSD: gold is trading in a short-term downtrend, trying to settle below the Gold Zone 2570 – 2564.
-
EURUSD: the euro continues to decline, attempting to break through the Target Zone 3, 1.0570 – 1.0547.
Oil price forecast for today: USCrude analysis
Oil continues to trade in a short-term downtrend. The main bearish target is still 66.56. If the price consolidates below this level, the next target will be the Gold Zone 65.93 – 65.63. Consider short trades as long as the price is trading below the trend’s boundary 72.01 – 71.51.
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 maintains its short-term downtrend. Today, the price has pierced the Gold Zone 2570 – 2564. If the asset settles below this area, the next bearish target will be the Target Zone 2, 2510 – 2498.
Consider short trades on a correction at the strong resistance (A) 2614 – 2608 and resistance (B) 2645 – 2637 with the main target at today’s low.
XAUUSD trading ideas for today:
Sell at resistance (A) 2614 – 2608. TakeProfit: 2582, 2550. StopLoss: 2026.
Euro/Dollar forecast for today: EURUSD analysis
The euro price continues to drop. Yesterday, the price reached the Target Zone 3, 1.0570 – 1.0547. Today, the quotes will likely try to break through this area. If the price consolidates below the Target Zone 3, the next bearish target will be the Gold Zone 3, 1.0458 – 1.0446.
Consider short trades within the short-term downtrend on a correction at the strong resistance (A) 1.0657 – 1.0646 and resistance (B) 1.0718 – 1.0702. If the price corrects to these areas, consider opening short trades once a reversal pattern emerges.
EURUSD trading ideas for today:
Sell at resistance (A) 1.0657 – 1.0646. TakeProfit: 1.0595, 1.0534. StopLoss: 1.0679.
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.
