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.
EURUSD is rising on Monday morning.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Oil is being corrected up in the short-term downtrend. The price should reach resistance (A) 80.92 - 80.61, where one could enter new sell trades with a target at the low of August 24.
If the price breaks out resistance (A), it will go up to resistance (В) 82.63 - 82.16. The latter is the trend border where one could enter sell trades with the above-mentioned target.
USCrude trading ideas for today:
Sell according to the pattern at resistance (А) 80.92 - 80.61. TakeProfit: 77.55. StopLoss: according to the pattern rules.
Sell according to the pattern at resistance (В) 82.63 - 82.16. TakeProfit: 77.55. StopLoss: according to the pattern rules.
Gold forecast for today: XAUUSD analysis
Gold is being corrected up in the short-term downtrend. The upside target is the high of August 24. When this high is exceeded by the price, the market should test resistance (А) 1930 - 1926. Unless resistance (A) is broken out, one could enter new sell trades with a target at the low of August 21.
If the price breaks out resistance (A), the correction will continue up to resistance (B) 1953 - 1947. One could also enter sell trades in the resistance (B) zone, as it is the trend border.
XAUUSD trading ideas for today:
Sell according to the pattern in resistance (А) 1930 - 1926. TakeProfit: 1885. StopLoss: according to the pattern rules.
Sell according to the pattern in resistance (В) 1953 - 1947. TakeProfit: 1885. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
EURUSD is rising on Monday morning. The price is growing in the correction; it could reach resistance (A) 1.0871 - 1.0861, where one could enter sell trades with a target at the low of August 25.
If the above-indicated low is broken through, the price should break out Target Zone 2, 1.0786 - 1.0766. When Target Zone 2 is broken out, the next downside target will be the Gold Zone 1.0690 - 1.0680.
The trend border is in the zone of 1.0924 - 1.0909.
EURUSD trading ideas for today:
Sell according to the pattern in resistance (А) 1.0871 - 1.0861. TakeProfit: 1.0767. StopLoss: according to the pattern rules.
Sell according to the pattern in resistance (В) 1.0924 - 1.0909. TakeProfit: 1.0767. StopLoss: according to the pattern rules.
P.S. Did you like my article? Share it in social networks: it will be the best "thank you" :)
Ask me questions and comment below. I'll be glad to answer your questions and give necessary explanations.
Useful links:
- I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
- Use my promo code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
- Telegram chat for traders: https://t.me/litefinancebrokerchat. We are sharing the signals and trading experience
- Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/litefinance
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.
