Technical analysis of US Crude, XAUUSD, and EURUSD for today (15 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.

Oil price continues to decline. Yesterday, the Target Zone 99.83 – 98.63 was reached within the short-term downtrend.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Oil price continues to decline. Yesterday, the Target Zone 99.83 – 98.63 was reached within the short-term downtrend. Today this zone was broken out. The next target for sales is the Gold Zone 93.83 – 93.23.

Consider new oil sales on correction at strong resistance levels, Additional Zone 98.54 – 98.24 and Intermediary Zone 101.84 – 101.24. Enter sales only after the formation of the corresponding pattern.

Focus on today’s low as the first target for sales. The second target will be the Gold Zone.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 98.54 – 98.24. TakeProfit: Gold Zone 93.83 – 93.23. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 101.84 – 101.24. TakeProfit: Gold Zone 93.83 – 93.23. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Gold price continues to decline within a short-term downtrend. Today the Target Zone 2 1938 – 1931 was reached. Now traders are trying to break it out and consolidate the price below the zone. If they succeed, the next target will be the Gold Zone 2 1905 – 1902. Otherwise, a deep correction will begin.

As part of the correction, it will be possible to consider new short trades in the Additional Zone 1944 – 1942 or the Intermediary Zone 1964 – 1960. The latter serves as the border of a short-term downtrend. Focus on today’s low as a target for sales.

To enter purchases, a trend reversal after breaking out level 1964 upside is required.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1944 – 1942. TakeProfit: 1926. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1964 – 1960. TakeProfit: 1926. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis  

On the EURUSD chart, a zone of good sell prices has formed between the levels of 1.0981 and 1.1006. Traders cannot break out this zone upside. The short-term trend remains down.

Today, it is profitable to search for sales in the resistance zone indicated above. Yesterday’s low serves as the target for sales.

After updating yesterday’s low, expect the price to consolidate below the Target Zone 1.0929 – 1.0910. In this case, the next target will be the Gold Zone 1.0833 – 1.0823.

To enter euro purchases and reverse the trend, it is necessary to break out the Intermediary Zone and consolidate the price higher at the American session. In this case, the trend will reverse up. From the next trading day, it will be possible to start looking for long trades with the target in the upper Target Zone 1.1111 – 1.1092.

EURUSD trading ideas for today:

Sell according to the pattern in the zone of 1.0981 – 1.1006. TakeProfit: 1.0903. StopLoss: according to the pattern rules.


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Price chart of USCRUDE 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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