بروزرسانی: 24 خرداد 1404
Technical analysis for USCrude, XAUUSD, and EURUSD today (16 January 2024)
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.
The euro price\xa0is falling as part of a short-term downtrend.
Oil price forecast for today: USCrude analysis
Oil continues trading in the range of 74.81 - 70.76. Last Friday, the upper limit of the range was tested. Now the price is falling. The lower limit of the range of 71.26 - 70.76 serves as the sales target. After reaching this zone, consider purchases with a target in resistance 74.81 - 74.31.
If the price breaks out resistance 74.81, the upper Target Zone 80.25 - 79.25 will become a new target for purchases. If the price breaks out the support 71.26 - 70.76, the lower Target Zone 66.31 - 65.32 will become a new sales target.
USCrude trading ideas for today:
Buy according to the pattern at support 71.26 - 70.76. TakeProfit: Resistance (В) 74.81 - 74.31. StopLoss: according to the pattern rules.
Sell according to the pattern at resistance (В) 74.81 - 74.31. TakeProfit: Support 71.26 - 70.76. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
The short-term gold uptrend continues. The growth target is the upper Target Zone 2101 - 2089. Last\xa0Friday, traders formed a buy pattern. This week, it is profitable to open trades using this pattern.
An alternative scenario implies a price decline and a breakout of last week\'s low. In this case, the short-term trend will reverse down, and the lower Target Zone 1963 - 1951 will become the sales target.
XAUUSD trading ideas for today:
Buy according to the pattern at support (В) 2026 - 2019. TakeProfit: 2088. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro price\xa0is falling as part of a short-term downtrend. January 5th low serves as the decline target. If this low is updated and the price consolidates lower, the Target Zone 1.0887 - 1.0862 will be broken out. In this case, the next sales target will be the Gold\xa0Zone 1.0803 - 1.0795.
To open long trades, traders need to break out resistance (B) 1.1015 - 1.1002 upside. In this case, the purchase target will be the upper Target Zone 1.1154 - 1.1128.
EURUSD trading ideas for today:
Hold sell trades at resistance (В) 1.1015 - 1.1002. TakeProfit: Target Zone 1.0887 - 1.0862. StopLoss: 1.1000.
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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.
منبع: https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-16012024/