Technical analysis of US Crude, XAUUSD, and EURUSD for today (10 March 2022)


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.

Yesterday, the euro significantly strengthened.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, the short-term oil trend reversed down. The key support 109.94 – 109.34 was broken out. As a result, the price reached the Target Zone 114.37 – 113.17. The level of 113.17 was also broken out, and the price fell further down the trend. First, it reached the Gold Zone 108.37 – 107.77, and then the Target Zone 2 102.37 – 101.17.

After such large-scale oil sales, the price went into correction. Yesterday, it tested the Intermediary Zone 107.12 – 106.52. The IZ serves as the border of a short-term downtrend. At the moment, traders are testing it. If a sell pattern is formed, I recommend selling oil with a target at yesterday’s low. If the IZ is broken out (first level 108.00 should be broken out), then the short-term trend will reverse up. In this case, it will be possible to consider purchases with a target in the upper TZ 113.72 – 112.52.

USCrude trading ideas for today:

Sell according to the pattern in the zone of 108.00 – 106.52. TakeProfit: 100.85. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The short-term gold trend reversed down. Yesterday, the Intermediary Zone 2037 – 2034 was broken out. Then the price reached the lower Target Zone 2004 – 1997. At the close of the American session, the TZ was broken out. Today at the Asian session, the price reached the GZ 1971 – 1968. After that, it corrected.

As part of the correction, traders tested the resistance, the Additional Zone 1988 – 1987. Now the first sellers’ reaction to the test of this resistance can be seen. Today it is profitable to look for sales in the AZ according to the pattern with the target at the day’s low.

If gold price continues to grow and eventually breaks out the AZ, then consider sales in the trend border of 2006 – 2003.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1988 – 1987. TakeProfit: 1970. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 2006 – 2003. TakeProfit: 1970. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis  

Yesterday, the euro significantly strengthened. The short-term trend reversed up. As a result, the price reached the Target Zone 1.1017 – 1.0997, then broke it out and reached the Gold Zone 1.1103 – 1.1093. After that the price corrected and tested the Additional Zone 1.1047 – 1.1042. At the moment, the buyers’ reaction to the AZ test can be seen.

Today it is reasonable to look for purchases at strong support levels, as the trend has reversed up. Strong support levels are the Additional Zone 1.1047 – 1.1042 and the Intermediary Zone 1.0999 – 1.0989. To enter purchases, wait for the corresponding pattern. Focus on yesterday’s high as your buy target. If the Gold Zone is broken out during trading, then the next target for purchases will be the TZ 2 1.1209 – 1.1189.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.1047 – 1.1042. TakeProfit: 1.1094. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 1.0999 – 1.0989. TakeProfit: 1.1094. StopLoss: according to the pattern rules.


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Price chart of EURUSD in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteFinance. 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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