Welcome, my fellow traders! I have prepared a price forecast for the USCrude, XAUUSD, and EURUSD using a combination of the margin zones method and technical analysis. Based on the market analysis, I suggest entry signals for intraday traders.
Last week, the euro price reached the support B during a downward correction.
The article covers the following subjects:
Major Takeaways
- USCrude: Oil has exceeded the December 26 high and attempted to break through the upper Target Zone.
- XAUUSD: Gold has shifted to an uptrend.
- EURUSD: The euro is rising after reaching the trend boundary, the support B 1.1646–1.1629.
Oil Price Forecast for Today: USCrude Analysis
Last Friday, oil extended its short-term uptrend, surpassing the December 26 high. Moreover, the asset tried to pierce the upper Target Zone 58.98–58.61 but failed to settle above it.
If the oil price eventually consolidates above this zone, the next bullish target will be the Gold Zone 60.66–60.48. If not, a downward correction may start, pushing the asset down to the support 57.72–57.54.
USCrude Trading Ideas for Today:
Buy near support A 57.72–57.54. TakeProfit: 58.56, 59.58. StopLoss: 57.10.
Gold Forecast for Today: XAUUSD Analysis
Last Friday, gold’s short-term downtrend changed to an uptrend. The price managed to settle above the resistance 4,472–4,454. Now, the upper Target Zone 4,670–4,634 is a bullish target.
Consider long trades during corrections at the support A 4,481–4,469 and support B 4,421–4,403, with the first target at 4,535 and the second one at 4,601.
XAUUSD Trading Ideas for Today:
Buy near support A 4,481–4,469. TakeProfit: 4,535, 4,601. StopLoss: 4,441.
Euro/Dollar Forecast for Today: EURUSD Analysis
Last week, the euro price plunged to the support 1.1646–1.1629 during a correction. This zone is the boundary of the short-term uptrend. Therefore, consider long trades near this area with the first target at 1.1718 and the second one at 1.1808. If the asset continues to grow and breaks above 1.1808, the next target will be the Gold Zone 1.1911–1.1900.
If the euro/dollar price breaks below the support B, the short-term uptrend will reverse, and the lower Target Zone 1.1484–1.1451 will become a bearish target.
EURUSD Trading Ideas for Today:
Hold long trades/buy near support B 1.1646–1.1629. TakeProfit: 1.1718, 1.1808. StopLoss: 1.1595.
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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