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.

Yesterday, the euro broke out the Intermediary Zone 1.1820 – 1.1812.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, oil reached the resistance level of 70.33. This level was the main target for purchases in the zone of 67.87 – 67.17. Now the level 70.33 has been broken out, so now a new target is Target Zone 2 72.85 – 72.32.

It is profitable to look for new purchases on correction at strong supports: Additional Zone 69.63 – 69.50 and Intermediary Zone 68.36 – 68.10.

To sell oil, a trend reversal by breaking out the Intermediary Zone and price consolidation below are required.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 69.63 – 69.50. TakeProfit: Target Zone 2 72.85 – 72.32. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 68.36 – 68.10. TakeProfit: Target Zone 2 72.85 – 72.32. StopLoss: according to the pattern rules.

Gold price forecast for today: XAUUSD analysis

The XAUUSD bears are trying to break out support level 1787 within a short-term downtrend. If successful, the next target for sales will be the Gold Zone 1772-1770.

Otherwise, the price will rise to the Intermediary Zone 1805 – 1803 which serves as the trend’s key resistance. In this case, watch if buyers manage to break out the zone and reverse the trend, or a false breakout of the September 10 high and a new decline will occur.

XAUUSD trading ideas for today:

Watch the market.

Euro/Dollar forecast for today: EURUSD analysis 

Yesterday, the euro broke out the Intermediary Zone 1.1820 – 1.1812, but the price closed within the zone at the US trading session. Therefore, it is too early to draw conclusions about the short-term trend’s reversal down. However, the preconditions have been created, so the euro key resistance for the next few days is the zone of 1.1867 – 1.1858.

If the resistance of 1.1867 – 1.1858 is broken out as part of the growth, then there will be every reason to buy the euro with the target at the upper Target Zone 1.1963 – 1.1946.

If the resistance 1.1867 – 1.1858 is held, and then a sell pattern is formed, it will be possible to sell the euro with the target at the lower Target Zone 1.1733 – 1.1715.

EURUSD trading ideas for today:

Sell according to the pattern in the zone of 1.1867 – 1.1858. TakeProfit: 1.1774, Target Zone 1.1733 – 1.1715. 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…

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