Quick-term evaluation for oil, gold, and EURUSD for 26.07.2021


Short-term analysis for oil, gold, and EURUSD for 26.07.20212021-07-26 2021-07-26 Alex Rodionovlogo2021-07-26 2021-07-26 Short-term analysis for oil, gold, and EURUSD for 26.07.2021Alex Rodionovlogo

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.

Right from the opening of the trading session on Monday, the oil began to correct to a short-term uptrend.

The article covers the following subjects:

  • Oil price forecast for today: USCrude analysis
  • Gold price forecast for today: XAUUSD analysis
  • Euro/Dollar forecast for today: EURUSD analysis

Oil price forecast for today: USCrude analysis

Right from the opening of the trading session on Monday, the oil began to correct to a short-term uptrend. At the moment, the traders are testing the strong support Additional Zone 70.83 – 70.70. If the zone is held, then enter oil purchases with a target at the day's high.

If the Additional Zone is broken out, then it will be possible to enter sales with the target in the Intermediary Zone 69.47 – 69.20.

USCrude trading ideas for today:

Buy according to the pattern in Additional Zone 70.83 – 70.70. TakeProfit: 72.10. StopLoss: according to the pattern rules.

Gold price forecast for today: XAUUSD analysis

Gold is correcting to a short-term downtrend. The target of the correction is the Intermediary Zone 1814 – 1812. As part of the correction, the traders reached a strong resistance level 1809, which can stop the price growth for some time.

Today it is profitable to look for gold purchases in the zone of 1803 – 1796 with a target at the day's high + Intermediary Zone.

It will be possible to sell gold after the breakout of support level 1795.

XAUUSD trading ideas for today:

Buy in the zone of 1803 – 1796. TakeProfit: 1809, Intermediary Zone 1814 – 1812. StopLoss: 1794.

Euro/Dollar forecast for today: EURUSD analysis

Last week the euro traders were unable to break out the strong support of 1.1762 – 1.1753. If the price doesn't decline, then sooner or later it will go up. This is a market law. Now the price is rising and correcting to a short-term downtrend.

As part of the correction, the traders are breaking out the Micro-zone 1.1778 – 1.1776. Therefore, expect a further price movement to the Additional Zone 1.1803 – 1.1798. Look for Euro purchases.

EURUSD trading ideas for today:

It will be relevant to wait for the price consolidation above level 1.1780 to enter purchases. TakeProfit: Additional Zone 1.1803 – 1.1798. StopLoss: below the nearest local low, or at level 1.1771.

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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.

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