Technical analysis of US Crude, XAUUSD, and EURUSD for today (15 September, 2023)
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Hello, my fellow traders! Here’s my forecast for US Crude, XAUUSD, and EURUSD made using margin zones and classical technical analysis. Based on this analysis, I made a list of entry signals for intraday traders.
Oil quotes broke out level 89.50 and steadied above yesterday.
The article covers the following subjects:
Oil Forecast for today: USCrude analysis
Oil quotes broke out level 89.50 and steadied above yesterday. The short-term trend remains upward. The next buying target is the Gold Zone 92.26 – 91.76.
If a downward correction starts from the current levels, quotes may reach support (А) 87.24 – 86.91 and support (В) 85.59 – 85.10. We can consider new longs in these areas, with a target at today’s high.
Trading plan for USCrude for today:
- Buy according to the pattern near support (А) 87.24 – 86.91. TakeProfit: 90.50. StopLoss: according to pattern rules.
- Buy according to the pattern near support (В) 85.59 – 85.10. TakeProfit: 90.50. StopLoss: according to pattern rules.
Gold forecast for today: XAUUSD analysis
Gold reached support 1905 yesterday. Sellers failed to break out that level, and the price corrected. So, market participants will likely try to test resistance 1922 – 1920. Upon testing, consider new shorts, with a target at yesterday’s low.
If yesterday’s low is updated, the next bearish target will be level 1885.
Trading plan for XAUUSD for today:
- Hold a part of shorts opened from resistance (В) 1953 – 1947. TakeProfit: 1885. StopLoss: at a breakeven level.
- Sell according to the pattern from resistance 1922 – 1920. TakeProfit: 1901. StopLoss: according to pattern rules.
Today’s forecast for the EURUSD: EURUSD analysis
Euro’s short-term downtrend continued yesterday, and the Gold Zone 1.0690 – 1.0680 was broken out. The next sell target is the Target Zone 3, 1.0594 – 1.0574.
Buyers are trying to correct the price up today. If market participants support the correction, the pair will continue growing, heading for resistance (А) 1.0737 – 1.0727. Upon testing resistance (А), consider new shorts according to the pattern with a target at yesterday’s low.
Trading plan for EURUSD for today:
- Sell according to the pattern near resistance (А) 1.0737 – 1.0727. TakeProfit: 1.0635. StopLoss: according to pattern rules.
- Sell according to the pattern near resistance (В) 1.0790 – 1.0775. TakeProfit: 1.0635. StopLoss: according to 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 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.
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