I welcome my fellow merchants! I’ve made a value forecast for US Crude, XAUUSD, and EURUSD utilizing a mix of margin zones methodology and technical evaluation. Based available on the market evaluation, I recommend entry alerts for intraday merchants.
The EURUSD broke out Target Zone 1.0715 – 1.0683 final week.
Oil value forecast for at this time: USCrude evaluation
The oil value examined the important thing assist of the short-term uptrend 75.79 – 75.29 final week. After the assist check, the value has been rising. The main upside goal is the excessive of February 13. If the excessive is damaged via, the following goal shall be Target Zone 84.03 – 82.98.
The development will flip down, and it is going to be related to promote if the value breaks out assist (B) 75.79 – 75.29. In this case, the draw back goal would be the decrease Target Zone 70.84 – 69.85.
USCrude buying and selling concepts for at this time:
Buy in line with the sample at assist (В) 75.79 – 75.29. TakeProfit: 80.72. StopLoss: in line with the sample guidelines.
Gold forecast for at this time: XAUUSD evaluation
Gold short-term downtrend continues. Last Friday, the value broke out the Gold Zone 1830 – 1827 draw back. However, on the finish of the buying and selling session, the value returned to the assist zone.
The value is now being corrected and will attain resistance (А) 1859 – 1855. After this resistance is reached, it is going to be related to promote gold with a goal on the low of February 17.
If the value breaks out resistance (A), it ought to attain resistance (B) 1879 – 1874. One may additionally enter promote trades within the resistance zone with a goal on the low of February 17.
XAUUSD buying and selling concepts for at this time:
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Sell in line with the sample at resistance (А) 1859 – 1855. TakeProfit: 1819. StopLoss: in line with the sample guidelines.
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Sell in line with the sample at resistance (В) 1879 – 1874. TakeProfit: 1819. StopLoss: in line with the sample guidelines.
Euro/Dollar forecast for at this time: EURUSD evaluation
The EURUSD broke out Target Zone 1.0715 – 1.0683 and reached Gold Zone 1.0609 – 1.0598. After the GZ was reached, massive promote trades had been exited, and the value began rising in a correction.
A doable correction goal is resistance (А) 1.0729 – 1.0718. After the resistance is examined, it is going to be related to enter new promote trades with a goal on the low of February 17.
If resistance (A) is damaged out, the value ought to attain resistance (В) 1.0787 – 1.0771. One may additionally enter promote trades in line with the sample in resistance (B) with a goal on the low of February 17.
EURUSD buying and selling concepts for at this time:
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Sell in line with the sample at resistance (А) 1.0729 – 1.0718. TakeProfit: 1.0615. StopLoss: in line with the sample guidelines.
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Sell in line with the sample at resistance (В) 1.0787 – 1.0771. TakeProfit: 1.0615. StopLoss: in line with the sample guidelines.
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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 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.
