Technical analysis for USCrude, XAUUSD, and EURUSD today (18 February 2025)
I welcome my fellow traders! I have made a price forecast for the USCrude, 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.
Oil trades in a correction of a short-term downtrend.
The article covers the following subjects:
Major Takeaways
- USCrude: A correction of a short-term downtrend is developing.
- XAUUSD: Gold is growing in a short-term uptrend.
- EURUSD: The euro price is declining from the Target Zone 1.0514 – 1.0486, with a potential target in the support area (А) 1.0410 – 1.0399.
Oil Price Forecast for Today: USCrude Analysis
Oil is trading in a correction of a short-term downtrend, with a potential growth target in the resistance area (А) 73.06 – 72.79. Once this area is reached, consider new shorts with the first target at 71.58 and the second at 70.12.
If the resistance (A) is broken, the price can be expected to reach resistance (В) 74.53 – 74.13, the trend’s boundary, and sell positions will be relevant again.
USCrude Trading Ideas for Today:
Sell near resistance (А) 73.06 – 72.79. TakeProfit: 71.58, 70.12. StopLoss: 73.53.
Gold Forecast for Today: XAUUSD Analysis
The gold price continues to rise in the short-term uptrend. A level of 2908 has been reached today. If the price consolidates higher, it may continue rising with a target of 2942. A breakout of the 2942 level will suggest the upward movement will likely continue with a target at 3008 – 2996.
If the support (А) 2880 – 2873 is broken, a bearish correction will reach the trend boundary 2848 – 2839. If so, consider long positions. To go short, traders must break a level of 2839 and consolidate below.
XAUUSD Trading Ideas for Today:
Hold a part of longs near support (А) 2880 – 2873. TakeProfit: 2942. StopLoss: breakeven
Euro/Dollar Forecast for Today: EURUSD Analysis
The euro price is retreating from the upper Target Zone 1.0514 – 1.0486. If sellers support this corrective decline, expect quotes in the support area (А) 1.0410 – 1.0399. Once this zone is tested, new longs can be considered, with the first target at 1.0457 and the second one near 1.0514.
Once support (A) is broken, the correction will continue down to the trend boundary at 1.0358 – 1.0342. From that zone, you can also consider long positions with the key target at February’s high.
EURUSD Trading Ideas for Today:
Buy near support (А) 1.0410 – 1.0399. TakeProfit: 1.0457, 1.0514. StopLoss: 1.0380.
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Price chart of USCRUDE in real time mode
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