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.
Gold is being corrected down in the short-term uptrend.
Oil price forecast for today: USCrude analysis
The oil short-term uptrend continues. This week, the oil price tested support (A) 79.17 – 78.82. After the support test, the buyers reacted, and a buy signal appeared. To enter a long trade, one should expect a false breakout of the low of January 25. The main upside target will be the high of January 23.
The trend border is now in the zone of 77.42 – 76.89. As long as the price is trading above the zone, it is relevant to buy.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 79.17 – 78.82. TakeProfit: 82.63. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 77.42 – 76.89. TakeProfit: 82.63. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Gold is being corrected down in the short-term uptrend. The correction target is the test of support (A) 1914 – 1911. After the support test, one could enter new purchases with a target at yesterday’s high. The second upside target is Gold Zone 1971 – 1968.
The trend border is in the zone of 1897 – 1892. As long as the price is trading above the zone, it will be relevant to enter long trades.
XAUUSD trading ideas for today:
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Buy according to the pattern at support (А) 1914 – 1911. TakeProfit: 1948. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 1897 – 1892. TakeProfit: 1948. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The EURUSD short-term uptrend continues. The upside target is Target Zone 1.0985 – 1.0964. The price is now being corrected and should test one of the supports, support (A) 1.0823 – 1.0812 or support (B) 1.0770 – 1.0754. The trend border is around support (B). While the price is trading above the trend border, it is relevant to enter long trades with a target at yesterday’s high.
It will be relevant to sell the euro if the price breaks out level 1.0754 and consolidates below.
EURUSD trading ideas for today:
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Buy according to the pattern at support (А) 1.0823 – 1.0812. TakeProfit: 1.0927. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 1.0770 – 1.0754. TakeProfit: 1.0927. StopLoss: according to the pattern rules.
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Price chart of XAUUSD 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.