Technical analysis for US Crude, XAUUSD, and EURUSD today (30 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.
Yesterday, as part of the correctional model, oil prices tested the resistance Additional Zone 73.13 – 73.00.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
Yesterday, as part of the correctional model, oil prices tested the resistance Additional Zone 73.13 – 73.00. The price didn’t break out the zone. A “Pin-bar” sell pattern was also formed. I recommend holding oil sell trades in correction with a stop beyond yesterday’s high.
An alternative scenario implies a breakout of the Additional Zone and price consolidation above. In this case, the short-term uptrend will continue, and the target will be level 74.01.
USCrude trading ideas for today:
Hold sell trades entered in Additional Zone 73.13 – 73.00. TakeProfit: 71.80. StopLoss: 73.53.
Gold price forecast for today: XAUUSD analysis
Yesterday, a long-awaited pattern to sell in the trend border zone 1794 – 1783 yielded profits. As a result, the June 18 low was updated. Target Zone 3 1768 – 1763 was also broken out. The next sell target within the short-term downtrend is the Gold Zone 1745 – 1743.
Yesterday, after the sell pattern was worked out, the price went into correction, within which the Additional Zone 1763 – 1761 was tested. This is the first strong resistance at which it is possible to consider new short trades.
If the Additional Zone is broken out, then the correction will continue with the target in the Intermediary Zone 1775 – 1773.
XAUUSD trading ideas for today:
Sell according to the pattern in Additional Zone 1763 – 1761. TakeProfit: 1754, Gold Zone 1745 – 1743. StopLoss: according to the pattern rules.
Sell according to the pattern in Intermediary Zone 1775 – 1773. TakeProfit: 1754, Gold Zone 1745 – 1743. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
Yesterday, the trading idea for selling the euro in correction with the target at the Intermediary Zone 1.1887 – 1.1878 fully worked out.
As the short-term euro uptrend continues, it is profitable to look for purchases with the target at level 1.1968. To enter purchases a pattern is required, for example, a “1-2-3” in the Intermediary Zone.
The short-term trend will reverse down in case of the Intermediary Zone breakout and price consolidation below.
EURUSD trading ideas for today:
Buy according to the pattern in Intermediary Zone 1.1887 – 1.1878. TakeProfit: 1.1968. StopLoss: according to the pattern rules.
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Price chart of USCrude 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.