Analysis

Yesterday, oil touched the trend’s boundary, the resistance (B) 72.47 – 72.08. However, traders have opened short positions near this zone, causing a downward movement, during which the price has hit the first bearish target near 70.29. The second target is the October 18 low near 68.13. If the asset breaks through the resistance (B) today, the […]

The euro is testing the Target Zone 1.0794 – 1.0777. If the price breaks through this zone from above, the short-term downtrend will likely continue to the Gold Zone 1.0682 – 1.0670. If not, an upward correction will begin, targeting to test the resistance (A) 1.0884 – 1.0873. Once the resistance (A) is tested, consider short trades

Gold retreated below the Target Zone 2740 – 2729 yesterday. If the decline continues today, the correction may proceed to the support (A) 2703 – 2697. Once the support (A) is tested, consider long trades with the first target of 2728 and the second one of 2758. If the asset exceeds yesterday’s high, the uptrend will

Oil is testing the resistance (A) 71.45 – 71.15 and is about to pierce it from below, as bears failed to keep the decline yesterday. Therefore, holding short trades at the resistance is no longer profitable. Wait until the price consolidates above the resistance (A) or falls below it.  If the asset breaches this zone from

Yesterday, the euro maintained its short-term downtrend and hit the October 17 low. If the decline continues, the asset will reach the Target Zone 1.0794 – 1.0777. If an upward correction starts from current prices, the quotes may test the resistance (A) 1.0916 – 1.0907. Once this zone is tested, consider short trades with the first target

Yesterday, gold reached the Target Zone 2740 – 2729 but failed to pierce it. Today, the price is trying to break through the Target Zone again. If the breakout occurs, the next bullish target will be the Gold Zone 2789 – 2784. If not, a downward correction may unfold. The price may fall to the strong support

Oil continues its upward correction after hitting the Target Zone 68.92 – 68.02. The probable growth target is the resistance (A) 71.45 – 71.15. Once this zone is reached, consider short trades with the first target of 69.79 and the second one at the October 18 low near 68.13. USCrude trading ideas for today: Sell at

Yesterday, the euro pierced the Gold Zone 1.0878 – 1.0869. The next bearish target is the Target Zone 1.0794 – 1.0777. Consider short trades on a correction at the strong resistance (A) 1.0916 – 1.0907 and resistance (B) 1.0969 – 1.0955 with the main bearish target at yesterday’s low. The price should breach and consolidate above 1.0969

Gold is maintaining its short-term uptrend. Yesterday, the price breached the Gold Zone 2679 – 2674. The next bullish target is the Target Zone 2740 – 2729. Once this target is reached, a downward correction may start. If so, the asset may hit the support (A) 2659 – 2653. Consider long trades near this zone with

Yesterday, oil continued to trade in a short-term trend. As a result, the price has reached the Target Zone 68.92 – 68.02. An upward correction is developing. The correction’s target is to test the resistance (A) 71.74 – 71.47. Once this zone is tested, one may consider short trades with the first target of 70.30 and the