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.
Euro’s short-term downtrend continued yesterday.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil’s trend reversed to the upside yesterday.
- XAUUSD: Gold has shifted into a bearish trend.
- EURUSD: EURUSD has reached the Target Zone of 1.1421–1.1381 within the short-term bearish trend.
Oil Price Forecast for Today: USCrude Analysis
Oil’s short-term trend turned bullish yesterday, breaking above resistance (В) 68.25 – 67.83. The upper Target Zone of 72.78 – 71.95 is the current buying target. I recommend considering new longs during a correction from strong support levels — support (A) 66.90 – 66.59 and support (B) 65.34 – 64.88. The weekly high at 70.00 will act as the main target for these long positions.
A breakout below 64.88 is required to trigger a trend reversal and open short positions.
USCrude Trading Ideas for Today:
Buy near support (А) 66.90 – 66.59. TakeProfit: 68.29, 70.01. StopLoss: 65.99.
Gold Forecast for Today: XAUUSD Analysis
Gold’s short-term trend turned downward yesterday, breaking below support (B) 3,326 – 3,315. The lower Target Zone of 3,214 – 3,191 is the current sell target. Consider new shorts on a correction from strong resistance — resistance (A) 3,350 – 3,343 and resistance (B) 3,391 – 3,380. The weekly low will be the main target.
A breakout above 3,391 is required to initiate buy entries and confirm a trend reversal.
XAUUSD Trading Ideas for Today:
Sell near resistance (А) 3,350 – 3,343. TakeProfit: 3,309, 3,268. StopLoss: 3,365.
Euro/Dollar Forecast for Today: EURUSD Analysis
Euro’s short-term downtrend continued yesterday, reaching the lower Target Zone of 1.1421 – 1.1381. If this zone is broken to the downside, the next sell target will be the Gold Zone 1.1285 – 1.1272. If the target zone is held by buyers, an upward correction will begin with a target at resistance (A) at 1.1550–1.1537. After this resistance is reached, short positions should be considered, with the main target at the weekly low.
The trend boundary has now shifted to the 1.1625–1.1605 area.
EURUSD Trading Ideas for Today:
Sell near resistance (A) 1.1550 – 1.1537. TakeProfit: 1.1475, 1.1401. StopLoss: 1.1578.
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Price chart of EURUSD in real time mode
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