I welcome my fellow merchants! I’ve made a worth forecast for the USCrude, XAUUSD, and EURUSD utilizing a mixture of margin zones methodology and technical evaluation. Primarily based available on the market evaluation, I counsel entry indicators for intraday merchants.
The euro continues to commerce in a short-term downtrend.
The article covers the next topics:
Highlights and key factors
-
USCrude: oil has reached the primary bearish goal of 70.29 inside the short-term downtrend.
-
XAUUSD: gold is making an attempt to right to the help (A) 2703 – 2697.
-
EURUSD: the euro is sustaining its downtrend, however an upward correction is growing.
Oil worth forecast for as we speak: USCrude evaluation
Yesterday, oil touched the pattern’s boundary, the resistance (B) 72.47 – 72.08. Nevertheless, merchants have opened quick positions close to this zone, inflicting a downward motion, throughout which the worth has hit the primary bearish goal close to 70.29. The second goal is the October 18 low close to 68.13.
If the asset breaks via the resistance (B) as we speak, the short-term downtrend will reverse. On this case, think about lengthy trades with the goal within the higher Goal Zone 76.81 – 76.03.
USCrude buying and selling concepts for as we speak:
Maintain up gross sales opened at resistance (B) 72.47 – 72.08. TakeProfit: 68.13. StopLoss: on the breakeven.
Gold forecast for as we speak: XAUUSD evaluation
Gold is buying and selling in a short-term uptrend and is correcting downward. If the correction continues, the worth might take a look at the help (A) 2703 – 2697. As soon as this zone is examined, think about lengthy trades once more with the primary goal of 2728 and the second of 2758.
If the worth exceeds the October 23 excessive as we speak, the following goal inside the pattern would be the Gold Zone 2789 – 2784.
XAUUSD buying and selling concepts for as we speak:
Purchase at help (A) 2703 – 2697. TakeProfit: 2728, 2758. StopLoss: 2686.
Euro/Greenback forecast for as we speak: EURUSD evaluation
The euro continues to commerce in a short-term downtrend. Yesterday, the worth corrected upward. If the correction continues as we speak, the asset might take a look at the resistance (A) 1.0884 – 1.0873. As soon as this zone is examined, think about quick trades with the primary goal of 1.0822 and the second of 1.0761.
If the worth pierces the resistance (A), the quotes might develop to the pattern’s boundary 1.0946 – 1.0929. Contemplate quick trades close to this zone.
EURUSD buying and selling concepts for as we speak:
Promote at resistance (A) 1.0884 – 1.0873. TakeProfit: 1.0822, 1.0761. StopLoss: 1.09046.
P.S. Did you want my article? Share it in social networks: it will likely be the most effective “thanks” 🙂
Ask me questions and remark under. I will be glad to reply your questions and provides mandatory explanations.
Helpful hyperlinks:
- I like to recommend making an attempt to commerce with a dependable dealer here. The system lets you commerce by your self or copy profitable merchants from all throughout the globe.
- Use my promo code BLOG for getting deposit bonus 50% on LiteFinance platform. Simply enter this code within the applicable subject whereas depositing your buying and selling account.
- Telegram chat for merchants: https://t.me/litefinancebrokerchat. We’re sharing the indicators and buying and selling expertise.
- Telegram channel with high-quality analytics, Foreign exchange evaluations, coaching articles, and different helpful issues for merchants https://t.me/litefinance
Value chart of EURUSD in actual time mode
The content material of this text displays the creator’s opinion and doesn’t essentially replicate the official place of LiteFinance. The fabric revealed on this web page is supplied for informational functions solely and shouldn’t be thought of as the availability of funding recommendation for the needs of Directive 2004/39/EC.