Technical analysis of US Crude, XAUUSD, and EURUSD for today (12 May 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.

The short-term euro trend reversed down.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, the short-term oil trend reversed up. The Intermediary Zone 101.94 – 101.51 was broken out. Now the upper Target Zone 106.76 – 105.88 serves as the target for purchases.

A correction is currently developing. As part of it, traders are testing the Additional Zone 102.82 – 102.60. Look for a buy pattern in this AZ. If it appears, open a long oil trade with the first target at yesterday’s high.

If the price breaks out the Additional Zone during today’s trading and consolidates below, the correction will continue with the target in the Intermediary Zone 100.63 – 100.20.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 102.82 – 102.60. TakeProfit: 104.92, Target Zone 106.76 – 105.88. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 100.63 – 100.20. TakeProfit: 104.92, Target Zone 106.76 – 105.88. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Yesterday, the gold price corrected and tested the Additional Zone 1851 – 1850. Today the correction continues. Traders are trying to break out the Additional Zone and consolidate the price higher. If successful, the price will reach the Intermediary Zone 1871 – 1868.

The Intermediary Zone serves as the border of a short-term downtrend. After reaching it, look for a sell pattern with the first target at yesterday’s low and the second target in the Gold Zone 1818 – 1814.

The breakout of the Intermediary Zone and price consolidation higher is required for purchases.

XAUUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1871 – 1868. TakeProfit: 1832. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The short-term euro trend reversed down. Yesterday, the price broke out the Intermediary Zone 1.0545 – 1.0536 and consolidated below. Now the target for sales is the lower Target Zone 1.0449 – 1.0430. Consider new short trades on correction at strong resistance levels, Additional Zone 1.0543 – 1.0538 and Intermediary Zone 1.0595 – 1.0586. The latter serves as the trend’s border.

Price consolidation above the trend border of 1.0595 in the American trading session is required for the euro purchases.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0543 – 1.0538. TakeProfit: 1.0492. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1.0595 – 1.0586. TakeProfit: 1.0492. 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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