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 trading in a short-term downtrend yesterday.
The article covers the following subjects:
Major Takeaways
- USCrude: The short-term trend for oil has reversed to bullish.
- XAUUSD: Gold is testing support (B) 3322 – 3311.
- EURUSD: The euro price continued to fall.
Oil Price Forecast for Today: USCrude Analysis
The short-term trend reversed to bullish yesterday, breaking above the key resistance of the previous short-term downtrend at 59.32 – 58.93. The upper Target Zone of 63.61 – 62.83 is a current buying target.
I recommend opening new longs during a correction from strong support levels — support (А) 56.90 – 56.60 and support (В) 55.40 – 54.95. Today’s high will be the primary upside target.
USCrude Trading Ideas for Today:
Buy near support (А) 56.90 – 56.60. TakeProfit: 58.26, 59.91. StopLoss: 56.02.
Gold Forecast for Today: XAUUSD Analysis
Yesterday, the correction within the short-term uptrend in gold continued, testing support (B) 3322 – 3311. The zone was held, and this morning, market participants once again attempted to break below the zone. If the U.S. session closes below the support zone, the short-term trend will reverse down. In that case, starting from the next trading day, short positions may be considered, with a target in the lower Target Zone 3210 – 3187.
If during the trading session the price returns to support (B) and holds above it, another opportunity may arise to consider long positions, with the first target at 3373 and the second at 3435.
XAUUSD Trading Ideas for Today:
Watch the market.
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro continued trading in a short-term downtrend yesterday. The price approached the main target of the trend in the lower Target Zone 1.1165 – 1.1124. If this zone is broken to the downside, the next target within this trend will be the Gold Zone 1.1029 – 1.1015.
If an ascending correction starts at the current levels, expect the price to reach resistance (А) 1.1346 – 1.1332 and resistance (В) 1.1421 – 1.1400. Short positions can be considered from either zone, with the main target at 1.1197.
EURUSD Trading Ideas for Today:
Sell near resistance (А) 1.1346 – 1.1332. TakeProfit: 1.1271, 1.1196. StopLoss: 1.1372.
Would you like to learn more about technical analysis methods and principles? Explore our comprehensive guide.
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Price chart of EURUSD in real time mode
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