USCrude - oil forecast for the week of 9-13 March 2020
This week, oil reached Target Zone 6 [43.90 - 43.55]. After that, a correction. As part of the correction has been tested key resistance trend at levels [47.21 - 46.86]. Resistance was maintained for three days.
Near resistance was formed figure "triangle" for graphs of smaller periods. On Thursday he held out of the "triangle" down, and today we see a continuation of the downtrend.
The objectives of sales by Target Zone are TZ 6 and at least the last week. I recommend hold short positions until a Take Profit.
Trading recommendations for the next week: in the case of penetration TZ 6 will continue to work in a sell, to TZ 7 [40.40 - 40.05]. When the penetration resistance trend key [47.21 - 46.86] will fly to the target oil in the upper TZ 2 [50.71 - 50.36].
USCrude Oil Business solutions for the week:
Hold sales of Target Zone [47.21 - 46.86]. TakeProfit: 43.97. StopLoss: in bezubytka.
XAUUSD - gold forecast for the week 9-13.2020
This week, risk managers CME Group has once again increased the margin requirements on gold futures. Now the margin for the contract is 6000 USD. The range between the marginal areas increased.
Also this week, gold buyers once again regained their upward trend by breaking through the Target Zone [1628.9 - 1622.9]. The aim of the purchases is currently Target Zone 2 [1688.9 - 1682.9]. The graph shows the price comes close to this resistance.
Based on the above, one for the next week will be the following recommendations: If the correction to a key trendline support [1620.4 - 1614.4] - search for purchase. In the case of new local maximum, will need support to rebuild. If Target Zone 2 is broken with clamping, the next goal will Target Zone 3 [1748.9 - 1742.9].
XAUUSD Gold Business solutions for the week:
Buying on the pattern of Target Zone [1620.4 - 1614.4]. TakeProfit: Target Zone 2 [1688.9 - 1682.9]. StopLoss: according to the rules of the pattern.
EURUSD - EUR / USD forecast for the week of 9-13 March 2020
The next week we go to the medium-term uptrend in EURUSD pair and punched Target Zone 3 [1.1197 - 1.1183]. The objectives of the new long trades, which we will look at next week, will be the current maximum and Target Zone 4 [1.1333 - 1.1319].
The local maximum can be defined down key support trend [1.1104 - 1.1090]. It contains the best prices to buy in srednesrok in terms of methodology. When correction of prices in the next week in this area, will recommend to look for a buy pattern. If the local maximum will be updated, do not forget to rebuild support.
EURUSD Trading solutions for the week:
- Buying on the pattern of Target Zone [1.1104 - 1.1090]. TakeProfit: 1.1245, Target Zone 4 [1.1333 - 1.1319]. 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.
Market Forecast source LiteForex
FOREX FORECAST → The medium-term outlook and forex trading solutions for the week from 24 to 28 February 2020 for oil, gold and the EUR / USD
FOREX FORECAST → medium-term outlook, trading decisions on oil, gold and the EUR / USD on the week week, from 2 to 6 March 2020: USCrude - oil, XAUUSD - gold, EURUSD - EUR / USD