Technical analysis of US Crude, XAUUSD, and EURUSD for today (19 April 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 EURUSD downtrend continues.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, a short-term oil uptrend continued, within which the day’s high was updated. Then there was an attempt to break out the Gold Zone 107.34 – 106.87. However, traders failed to do this the first time. Then the price corrected and tested the Additional Zone 106.51 – 106.59. The AZ serves as a strong support level, in which it is possible to search for new purchases according to the pattern with a target at yesterday’s high.

If the Additional Zone is broken out downside during the trading session, then the correction will continue with the target in the Intermediary Zone 104.72 – 104.29. The IZ serves as the trend’s border, where it is also possible to look for purchases.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 106.51 – 106.59. TakeProfit: 109.00. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 104.72 – 104.29. TakeProfit: 109.00. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Yesterday, gold reached the Gold Zone 2001 – 1998. Thus, all targets of the short-term uptrend have been met.

After reaching the Gold Zone, a correction occurred during which traders tested the Additional Zone 1980 – 1978. The AZ serves as a strong support level, in which it is profitable to consider new gold purchases with a target at yesterday’s high.

If the Additional Zone is broken out downside during the trading session, then the correction will continue with the target in the trend border 1962 – 1958.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1980 – 1978. TakeProfit: 1998. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 1962 – 1958. TakeProfit: 1998. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The short-term EURUSD downtrend continues. The main target of the fall is to update April 14 low. In case of its update, the fall is likely to continue, and the Gold Zone 1.0704 – 1.0695 will become a new target for sales.

At the moment, the euro correction is developing. If yesterday’s high is updated, the Intermediary Zone 1.0863 – 1.0853 will be reached within the correction. The IZ serves as a strong resistance level, where it is profitable to consider new sales.

EURUSD trading ideas for today:

  1. Hold down sales entered in the zone of 1.0810 – 1.0805. TakeProfit: 1.0760. StopLoss: at breakeven.

  2. Sell according to the pattern in Intermediary Zone 1.0863 – 1.0853. TakeProfit: 1.0760. StopLoss: according to the pattern rules.


P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂

Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

Useful links:

  • I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
  • Use my promo-code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
  • Telegram chat for traders: https://t.me/liteforexengchat. We are sharing the signals and trading experience
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex

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.

Rate this article:

value ( count title )





Source link

Leave a Reply

Your email address will not be published.