Oil, gold, pair EUR \ USD - forecast trading solutions for traders today 12/02/2020
USCrude - oil forecast, analysis, trading solutions for traders today 02/12/2020
Oil retained the medium-term downtrend. It is now developing local correction. If in the correction will be reached key resistance trend [53.15 - 52.80], we will look for new sales pattern.
Schedule a smaller timeframe gives us a short-term downtrend. However, all of the goals of the trend have been implemented. To further drop in prices requires sellers to have punched Gold Zone [49.15 - 48.98].
Now the chart one can observe the formation of a correctional model for oil. If you see a pattern in the purchase, it will be possible to use it, and buy oil for the purpose of at maximum 6 February + Target Zone [53.15 - 52.80].
USCrude - Oil Trading solutions for today:
- Buying on the pattern of the Intermediary Zone [50.41 - 50.23]. TakeProfit: Target Zone [53.15 - 52.80]. StopLoss: according to the rules of the pattern.
XAUUSD - gold forecast trading decisions today 12/02/2020
Gold pattern persists for sale in the medium-term downtrend. Keep short transaction or pattern of looking for new ones. The purpose of the trend - to update at least January.
Smaller timeframe indicates a short-term downtrend in gold. Intermediary Zone [1575.0 - 1572.5] is held, which means that we continue to look for sales pattern.
Yesterday, gold sellers have attempted to form a pattern of "1-2-3" for sale, but they were unable to fix the price lower than the local minimum of Europe. Let's see, would be possible to generate a sell signal today.
If you see a pattern in the gold sales, the purpose of the transaction was short at least February 5 + Target Zone [1543.8 - 1538.8].
For shopping required punching Intermediary Zone and secured above.
XAUUSD Gold Business solutions for today:
- The medium-term sale in the pattern of Target Zone [1590.9 - 1585.9]. TakeProfit: 1537.0. StopLoss: according to the rules of the pattern.
- The short-term sale in the pattern of the Intermediary Zone [1575.0 - 1572.5]. TakeProfit: 1548.7, Target Zone [1543.8 - 1538.8]. StopLoss: according to the rules of the pattern.
Forecast EURUSD - EUR / USD trading decisions today 02/12/2020
On euro medium-term support was broken Target Zone 2 [1.0959 - 1.0945]. Next drop goal - Target Zone 3 [1.0823 - 1.0809]. We are looking for sale at competitive prices on the correction.
Key resistance trend located at elevations [1.1041 - 1.1028].
Proceed on schedule smaller timeframe. We see here a local downtrend. As part of this trend was reached yesterday Gold Zone [1.0891 - 1.0884]. This entailed major players selling fixation and, consequently, the price rebound from this support.
On the US trading session, the players reached the Additional Zone on the borders [1.0929 - 1.0926]. This is the first serious resistance on the way EURUSD correction. I recommend to look for him on the sales pattern.
If Additional Zone is broken, it will be possible to work on the purchase with the target of Intermediary Zone [1.0966 - 1.0960]. Intermediary Zone - this is the key resistance trend. Once it is achieved, will be switched to search for sales pattern.
EURUSD Trading solutions for today:
- Sale of the pattern from the Additional Zone [1.0929 - 1.0926]. TakeProfit: 1.0893, Gold Zone [1.0891 - 1.0884]. StopLoss: according to the rules of the pattern.
- Sale of the pattern from the Intermediary Zone [1.0966 - 1.0960]. TakeProfit: 1.0893, Gold Zone [1.0891 - 1.0884]. StopLoss: according to the rules of the pattern.
IZ - Intermediary Zone (intermediate zone): is responsible for the change in the priority direction of price movement.
TZ - Target Zone (target zone): zone which with 75% probability is achieved after a breakdown IZ.
GZ - Gold Zone (Golden Zone): A zone in the medium-term momentum.
All zones are calculated based on the average daily travel tool and margin requirements in the futures market.
Analyst and forex forecast for today LiteForex