Hello, my fellow traders! Here is my forecast for US crude, XAUUSD and EURUSD made with margin zones and classic technical analysis. Based on this analysis, I made a list of entry signals for intraday traders.
The euro exploded at the key resistance of the short-term decline yesterday.
The article covers the following topics:
Oil Forecast for Today: A USCrude Analysis
The near-term trend of oil remains upward. Traders tested the Additional Zone 71.34 – 71.19 yesterday, and the December 7 high was updated. The next growth target is the Target Zone 74.59 – 74.01.
Consider opening new long trades in oil on corrections of the major levels, such as the Additional Zone 71.70 – 71.55 and the Intermediate Zone 70.23 – 69.94. Today’s high will be the first purchase target.
Business plan for USCrude for today:
- Buy according to the template of Additional Zone 71.70 – 71.55. TakeProfit: 72.73. StopLoss: According to pattern rules.
- Buy according to the pattern of Pear Zone 70.23 – 69.94. TakeProfit: 72.73, Target Zone 2 at 74.59 – 74.01. StopLoss: According to pattern rules.
Golden forecast for today: XAUUSD analysis
Gold is trading up soon. The growth target is the upper Target Zone 1803 – 1799.
The precious metal is currently being corrected and testing the support zone from 1786 – 1780. Look for a pattern to buy from that zone, with the first target around yesterday’s high.
If the 1780 level is broken down, the correction could continue with a target at the key support of the 1774 – 1772 trend. New long trades could also be opened by the key support.
Business plan for XAUUSD for today:
Buy according to the pattern from 1786 – 1780. TakeProfit: 1790, Target Zone 1803 – 1799. StopLoss: 1777.
Today’s forecast for EURUSD: EURUSD analysis
The euro outperformed the key resistance 1.1320 – 1.1315 from the short-term downtrend yesterday, and reversed to the top in the short term. The next growth target is the upper Target Zone 1.1421 – 1.1403. The price is currently correcting and approaching the Additional Zone 1.1310 – 1.1306. After that zone is tested, I suggest considering a template to buy with the first target at yesterday’s high.
If the Additional Zone is broken down and the price consolidates below, the correction could continue with a target at the key support of the 1.1266 – 1.1258 trend.
Business plan for EURUSD for today:
Buy according to the template of the Additional Zone 1.1310 – 1.1306. TakeProfit: 1,1352. StopLoss: According to pattern rules.
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EURUSD price chart in real-time mode
The content of this article reflects the opinion of the author and does not necessarily reflect the official position of LiteFinance. The material published on this page is provided for information purposes only and should not be construed as providing investment advice for the purposes of Directive 2004/39 / EC.
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