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.
The EURUSD broke through the high of January 18.
Oil price forecast for today: USCrude analysis
The oil short-term uptrend continues. The upside target is the high of January 18. The second target is Target Zone 84.17 – 83.12.
If the Target Zone is broken out upside, the next buy target will be the Gold Zone 86.97 – 86.62.
Last week, the price tested support (A) 79.15 – 78.80. A buy pattern emerged in the zone. Today, I recommend holding long trades entered according to the pattern with the above-indicated targets.
USCrude trading ideas for today:
Hold up purchases entered at support (А) 79.15 – 78.80. TakeProfit: 82.60. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
Last week, the gold price reached the Target Zone 1940 – 1933. The short-term uptrend continues. The market hasn’t broken out the Target Zone, and the price is currently being corrected. The correction target could be the new support (A) 1902 – 1899. When the zone is tested, I suggest entering new purchases with a target at the high of January 20.
If the price continues rising and breaks out the Target Zone, the next upside target will be the Gold Zone 1971 – 1968.
The trend border moves to the zone of 1885 – 1880.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 1902 – 1899. TakeProfit: 1936. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 1885 – 1880. TakeProfit: 1936. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The EURUSD price has broken through the high of January 18; the scenario to buy at support (A) 1.0781 – 1.0770 has worked out. The next upside target is the Target Zone 1.0985 – 1.0964.
It is relevant to enter new purchases on the correction towards strong support levels. Strong support zones are support (A) 1.0820 – 1.0810 and support (В) 1.0767 – 1.0752.
To enter purchases, there must be a buy pattern to confirm the entry point. The first upside target will be today’s high.
EURUSD trading ideas for today:
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Buy according to the pattern at support (А) 1.0820 – 1.0810. TakeProfit: 1.0925. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 1.0767 – 1.0752. TakeProfit: 1.0925. StopLoss: according to the pattern rules.
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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.