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.
Long trades on the euro, opened at the support (A) 1.0342–1.0333, have yielded profits.
The article covers the following subjects:
Major Takeaways
-
USCrude: oil continues to trade in a downward correction and is approaching the support (B) 74.85 – 74.40.
-
XAUUSD: gold has touched the Target Zone 2773 – 2756 within a short-term uptrend.
-
EURUSD: Long trades on the euro, initiated at the support (A) 1.0342 – 1.0333, have hit both targets.
Oil Price Forecast for Today: USCrude Analysis
Oil is trading in a correction within the short-term uptrend, targeting the support (B) 74.85 – 74.40. Consider long trades near this zone with the first target of 76.88 and the second one near 79.36.
The price should break through the support (B) to allow traders to open short positions and reverse the short-term uptrend. In this case, the bearish target will be the lower Target Zone 69.46 – 68.47.
USCrude Trading Ideas for Today:
Buy at support (B) 74.85 – 74.40. TakeProfit: 76.88, 79.36. StopLoss: 73.54.
Gold Forecast for Today: XAUUSD Analysis
Gold has reached the Target Zone 2773 – 2756 within the short-term uptrend. Currently, the price is trading in a downward correction. If the correction continues today, the quotes may hit the 2701 – 2695 area. Once this zone is reached, consider long trades with the first target of 2727 and the second one near 2758.
The short-term trend’s boundary is shifting to 2672 – 2663. If the price pierces and settles above the Target Zone 2773 – 2756, the next bullish target will be the Gold Zone 2819 – 2813.
XAUUSD Trading Ideas for Today:
Buy at support (A) 2701 – 2695. TakeProfit: 2727, 2758. StopLoss: 2684.
Euro/Dollar Forecast for Today: EURUSD Analysis
Long trades on the euro, opened at the support (A) 1.0342 – 1.0333, have brought profits. Yesterday, the asset hit the first target near 1.0384 and the second one at 1.0434. The next target within the short-term uptrend is in the Target Zone 1.0481 – 1.0453. If the price breaks through and consolidates above the Target Zone, the quotes may climb to the Gold Zone 1.0554 – 1.0545.
Consider long trades on a correction at strong support levels. Key supports remain at the same marks. Therefore, if the price falls to these levels, one may consider long trades.
EURUSD Trading Ideas for Today:
Buy at support (A) 1.0342 – 1.0333. TakeProfit: 1.0384, 1.0434. StopLoss: 1.0316.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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.
