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 is trading in a short-term downtrend.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Oil failed to break out the Target Zone of 82.34 – 81.35. Today, its price is declining toward support (A) 79.73 – 79.40. After its test, consider new purchases according to the pattern with the target at March 19 high.
The short-term uptrend’s border is at 78.08 – 77.59. If the price reaches this zone, then also consider purchases with a target at March 19 high. To enter sales, traders need to break out level of 77.59 and consolidate the price below.
USCrude trading ideas for today:
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Buy according to the pattern at support (А) 79.73 – 79.40. TakeProfit: 82.97. StopLoss: according to the pattern rules.
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Buy according to the pattern at support (В) 78.08 – 77.59. TakeProfit: 82.97. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Yesterday, the gold returned to support (A) 2178 – 2174. The short-term trend remains upward. Therefore, today, if you did not buy gold at support (B) 2156 – 2149, consider purchases with a target at March 21 high. If this high is updated, the next growth target will be the Gold Zone 2240 – 2235.
To enter sales, wait for a trend reversal after level 2149 breakout downwards. In this case, consider short trades with a target in the lower Target Zone 2090 – 2077.
XAUUSD trading ideas for today:
Buy according to the pattern at support (А) 2178 – 2174. TakeProfit: 2220. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
The euro is trading in a short-term downtrend. The price is currently correcting. If the correction continues, expect a test of resistance (A) 1.0894 – 1.0885. After the test, it will be profitable to consider sales according to the pattern with the target at March 22 low. If the price consolidates below March 22 low, the next sales target will be the lower Target Zone 1.0729 – 1.0704.
The trend border is shifting to the zone of 1.0940 – 1.0927.
EURUSD trading ideas for today:
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Sell according to the pattern at resistance (А) 1.0894 – 1.0885. TakeProfit: 1.0803. StopLoss: according to the pattern rules.
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Sell according to the pattern at resistance (В) 1.0940 – 1.0927. TakeProfit: 1.0803. 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.
منبع: https://www.litefinance.org/blog/analysts-opinions/short-term-analysis-for-oil-gold-and-eurusd-for-27032024/
