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 trade in a short-term downtrend.
The article covers the following subjects:
Major Takeaways
- USCrude: The trend has reversed to the upside, reaching the upper Target Zone of 63.31 – 62.54.
- XAUUSD: The trend has turned bullish.
- EURUSD: The first target for euro shorts from resistance (B) 1.1070 – 1.1053 has been reached.
Oil Price Forecast for Today: USCrude Analysis
Yesterday, following another round of U.S. tariff news, oil prices rose and reversed the short-term trend to the upside, breaking above the trend’s key resistance of 59.03 – 58.64. The price then reached the upper Target Zone 63.31 – 62.54 and entered a correction, which continues today.
If the correction remains, expect the asset to fall to support (А) 59.74 – 59.44. Once this zone is reached, consider new longs with the first target at 61.11 and the second one near today’s high.
USCrude Trading Ideas for Today:
Buy near support (А) 59.74 – 59.44. TakeProfit: 61.11, 62.76. StopLoss: 58.85.
Gold Forecast for Today: XAUUSD Analysis
Gold‘s short-term trend turned bullish yesterday, breaking above the previous trend’s key resistance at 3072 – 3061. The next growth target is the upper Target Zone 3204 – 3181.
Consider new longs on corrections. If support (A) 3057 – 3049 is reached on a correction, consider buying the asset, with the first target of 3091 and the second one near today’s high.
If support (А) is broken to the downside, the bearish correction will reach the trend boundary of 3019 – 3008.
XAUUSD Trading Ideas for Today:
Buy near support (А) 3057 – 3049. TakeProfit: 3091, 3132. StopLoss: 3034.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro continues to trade in a short-term downtrend. Yesterday, market participants tested the trend’s boundary at 1.1070 – 1.1053. Sellers held the zone, pushing the price down to the first sell target near 1.0975. The next downside target is the April 7 low. If the price consolidates below it, a further drop toward the lower Target Zone 1.0798 – 1.0763 can be expected.
If resistance (В) 1.1070 – 1.1053 is broken to the upside today, the short-term trend will reverse upward. In this case, consider opening longs with profit-taking aimed at the upper Target Zone 1.1262 – 1.1227.
EURUSD Trading Ideas for Today:
Hold a part of shorts near resistance (В) 1.1070 – 1.1053. TakeProfit: 1.0879. StopLoss: breakeven.
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Price chart of EURUSD in real time mode
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