I welcome my fellow traders! I have made a price forecast for US Crude, 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.
EURUSD short-term downtrend continues.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Yesterday, the short-term oil trend reversed up. The Intermediary Zone 90.10 – 89.67 was broken out. Now the growth target is August 19 high. If the high is updated, the growth will continue with the target in the upper Target Zone 94.83 – 93.97.
Enter oil purchases after the August 19 high update and a correction. In this case, set strong support levels, such as Additional Zone and Intermediary Zone, and wait for a correction and look for a buy pattern.
USCrude trading ideas for today:
Watch the market.
Gold price forecast for today: XAUUSD analysis
Gold continues to fall. Yesterday, the Target Zone 1742 – 1736 was reached. If today the Target Zone is broken out downside and the price closes lower in the American session, the next target for sales will be the Gold Zone 1710 – 1707.
Enter new gold sales on correction at strong resistance levels, such as the Additional Zone 1745 – 1744 and the Intermediary Zone 1763 – 1760. Focus on yesterday’s low as the first target for sales.
XAUUSD trading ideas for today:
Sell according to the pattern in Additional Zone 1745 – 1744. TakeProfit: 1728. StopLoss: according to the pattern rules.
Sell according to the pattern in Intermediary Zone 1763 – 1760. TakeProfit: 1728. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
EURUSD short-term downtrend continues. Yesterday, the Target Zone 2, 0.9944 – 0.9923 was reached. Today, traders are trying to break out this TZ downside. If successful, and if the price consolidates lower in the US trading session, the next target for sales will be the Gold Zone 2, 0.9838 – 0.9828.
Since the euro is trading in a downtrend, consider sales on correction with a target at yesterday’s low. If yesterday’s low is updated, the target for sales will be today’s low.
To enter a long trade, traders need to reverse the trend up by breaking out the Intermediary Zone 1.0042 – 1.0032.
EURUSD trading ideas for today:
Sell according to the pattern in Additional Zone 0.9984 – 0.9979. TakeProfit: 0.9927. StopLoss: according to the pattern rules.
Sell according to the pattern in Intermediary Zone 1.0042 – 1.0032. TakeProfit: 0.9927. StopLoss: according to the pattern rules.
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.
- 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/liteforexengchat. 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/liteforex
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.