Technical analysis of US Crude, XAUUSD, and EURUSD for today (17 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.

After yesterday’s decision by the Fed to raise interest rates by 25 basis points, gold has sharply corrected in the trend key resistance zone.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil downtrend continues. Yesterday, the price corrected in the zone of ​​98.89 – 95.29. After that, the price declined and re-tested the Gold Zone 93.83 – 93.23.

At the moment, the correction is developing again. Traders are testing the Additional Zone 95.90 – 95.60. This zone serves as a strong resistance, so it is profitable to consider sales in it with a target at the low of yesterday’s American trading session.

If the local low of yesterday’s American session is updated, expect the price to consolidate below the Gold Zone. In this case, the next target will be the Target Zone 2 87.83 – 86.63.

If during the trading session the AZ is broken out upside, then the correction will continue with the target in the trend key resistance of 99.20.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 95.90 – 95.60. TakeProfit: 92.80. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 99.20 – 98.60. TakeProfit: 92.80. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

After yesterday’s decision by the Fed to raise interest rates by 25 basis points, gold has sharply corrected in the trend key resistance zone of 1934 – 1931. This resistance has not been broken out, so now, consider sales according to the pattern with a target at yesterday’s low.

If during today’s trading level 1934 is broken out upside and the price consolidates above, then the short-term trend will reverse up. In this case, look for purchases with a target in the upper Target Zone 1974 – 1967.

XAUUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1934 – 1931. TakeProfit: 1897. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis  

After the news about the Fed’s interest rate, the euro price rose and consolidated above the Intermediary Zone 1.1006 – 1.0996. The short-term trend reversed up. Now the upper Target Zone 1.1111 – 1.1092 serves as the target for purchases.

It is profitable to open long euro trades on correction at strong support levels, Additional Zone 1.1004 – 1.0999 and Intermediary Zone 1.0956 – 1.0946. The latter serves as the border of the trend.

To enter euro sales it is required to break out the Intermediary Zone and consolidate the price below.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.1004 – 1.0999. TakeProfit: 1.1051. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 1.0956 – 1.0946. TakeProfit: 1.1051. StopLoss: according to the pattern rules.


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Price chart of XAUUSD 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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