Welcome fellow traders! Combining margin zone methodology and technical analysis, we have made price predictions for US crude oil, XAUUSD, and EURUSD. Suggest entry signals to intraday traders based on market analysis.
The short-term euro uptrend continues.
This article covers the following subjects:
Oil Price Prediction Today: USCrude Analysis
Yesterday, traders tried to break out of the target zone 85.11 – 84.36 but failed.
Also yesterday, traders tested an additional zone 85.76 – 85.57 as part of the correction. zone was held.
The short-term downtrend continues today. Targeting yesterday’s lows and seeking sales in additional zone patterns is today’s top priority.
If the additional zone turns up during the trade, the correction continues with targets in the intermediate zone 87.82 – 87.45. Once IZ is reached, look for a sell as well, as IZ acts as an important downtrend resistance.
US crude oil Today’s Trading Ideas:
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Sell according to the pattern of the additional zone 85.76 to 85.57. Take Profit: 83.77. Stop Loss: Follows pattern rules.
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Sell following the pattern of the middle zone 87.82 – 87.45. Take Profit: 83.77. Stop Loss: Follows pattern rules.
Gold Price Prediction Today: XAUUSD Analysis
The short-term gold downtrend continues. Yesterday the price corrected and reached the mid zone 1671 – 1668. After reaching the IZ, sellers reacted and as a result the price fell to the 1647 level.
However, there are no sell patterns at this time. We will wait for a retest of the resistance mid-zone and consider a sell pattern targeting yesterday’s lows.
The trend will reverse if the middle zone goes up during the trade. In this case, we look for gold purchases with targets in the upper target zone 1702-1697 from the next trading day.
XAUUSD Today’s Trading Ideas:
Sell following the pattern in the middle zone 1671-1668. Take Profit: 1640. Stop Loss: Follows pattern rules.
EUR/USD Forecast Today: EURUSD Analysis
The short-term euro uptrend continues. As a result, we reached the target zone of 0.9865 – 0.9843. Check out Target Zone Testing today. If this resistance is broken above, the next buy target is the gold zone 0.9960-0.9949.
Another scenario implies corrective development. As part of that, the price may be revised in the additional zone 0.9819 – 0.9814 or the intermediate zone 0.9766 – 0.9756. Once you reach these zones, target the day’s highs and consider buying.
EURUSD Today’s Trading Ideas:
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Purchased to match the pattern of the additional zone 0.9819-0.9814. Take Profit: 0.9871. Stop Loss: Follows pattern rules.
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Buy according to the pattern in the middle zone 0.9766 – 0.9756. Take Profit: 0.9871. Stop Loss: Follows pattern rules.
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EURUSD price chart in real time mode
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