Technical analysis of US Crude, XAUUSD, and EURUSD for today (20 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 euro downtrend continues. Its main target is to update April 19 low.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil trend reversed down yesterday. The Intermediary Zone 104.72 – 104.29 was broken out. Now the target for sales is the lower Target Zone 100.35 – 99.47.

A correction is currently developing. The Additional Zone 103.81 – 103.59 serves as its target. After the AZ test, look for a sell pattern. If it appears, sell oil with the first target at yesterday’s low. If the Intermediary Zone 106.22 – 105.78 is reached within the correction, look for a pattern to enter sales in this zone.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 103.81 – 103.59. TakeProfit: 101.50, Target Zone 100.35 – 99.47. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 106.22 – 105.78. TakeProfit: 101.50, Target Zone 100.35 – 99.47. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The short-term gold trend reversed down yesterday. The Intermediary Zone 1962 – 1958 was broken out. Now the target for sales is the lower Target Zone 1926 – 1919. Consider gold sales on correction at strong resistance levels, the Additional Zone 1959 – 1957 and the Intermediary Zone 1979 – 1975. The latter serves as a trend border.

Consider gold purchases after level 1959 breakout and price consolidation higher. In this case, purchases will be carried out within correction, and the Intermediary Zone will become the target.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1959 – 1957. TakeProfit: 1940, Target Zone 1926 – 1919. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1979 – 1975. TakeProfit: 1940, Target Zone 1926 – 1919. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The short-term euro downtrend continues. Its main target is to update April 19 low. At the moment the price is correcting and testing the Additional Zone 1.0813 – 1.0809. The AZ serves as a strong resistance on the correction’s way. Therefore, it is possible to consider sales according to the pattern in the AZ.

If the Additional Zone is broken out upside, the correction will continue with the target in the trend’s border of 1.0863 – 1.0853. After testing the trend border, look for euro sales with the same target.

To enter purchases and reverse the trend, traders need to consolidate the price above level 1.0863 at the American trading session. In this case, the trend will reverse up, and the target for purchases will be the upper Target Zone 1.0968 – 1.0949.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0813 – 1.0809. TakeProfit: 1.0762. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1.0863 – 1.0853. TakeProfit: 1.0762. 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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