Technical analysis for US Crude, XAUUSD, and EURUSD today (29 June 2021)
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.
The euro price went into correction with the target in the Intermediary Zone 1.1887 – 1.1878.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Today, after breaking out the support level of 72.45, the oil price went into correction. Now it is profitable to consider sales with a target in the Intermediary Zone 71.50 – 71.24.
The resistance zone of 73.60 – 72.80 is suitable to enter sales. Wait for a price correction in this zone and look for a sell pattern.
For oil purchases, it is necessary to update yesterday’s high.
USCrude trading ideas for today:
Sell from the zone of 73.60 – 72.80. TakeProfit: Intermediary Zone 71.50 – 71.24. StopLoss: 73.89.
Gold price forecast for today: XAUUSD analysis
The gold is trading in the sideways trend between level 1794 and 1774. Now sellers are trying to break out the support level. If successful, then a price drop and an update of the June 18 low will occur.
If the price doesn’t break out level 1774 again, then the growth will begin with the target at level 1794.
It is profitable to hold sales or enter new ones as the short-term gold downtrend continues.
XAUUSD trading ideas for today:
Open sell positions according to the pattern in 1794 – 1783. TakeProfit: 1762. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
Yesterday, the euro broke out the Additional Zone 1.1931 – 1.1926. Today the support level of 1.1921 was broken out. Consequently, the price went into correction with the target in the Intermediary Zone 1.1887 – 1.1878.
Today, it is profitable to hold euro sales entered in the zone of 1.1950 – 1.1926, as well as open new ones from the level of 1.1921 with the beforementioned target. After updating yesterday’s low, it will be possible to take a part of the profit and transfer trades to breakeven.
Euro purchases will only be possible after the breakout of the Additional Zone 1.1950 – 1.1946.
EURUSD trading ideas for today:
Sell/Hold down sales entered in the zone of 1.1950 – 1.1926. TakeProfit: Intermediary Zone 1.1887 – 1.1878. StopLoss: 1.1961.
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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 LiteForex. 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.