Technical analysis of US Crude, XAUUSD, and EURUSD for today (22 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.

Yesterday, gold traders yielded profits in the Additional Zone 1959 – 1957.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, oil corrected in ​​the Intermediary Zone 104.58 – 104.15. The zone was held. Now the short-term downtrend remains. Today, the priority for oil sales remains. Look for a pattern to open a short trade. The target for sales will be to update April 20 low.

If April 20 low is updated, it will be possible to break out the Target Zone 100.35 – 99.47. This means that oil price will fall with a target in the Gold Zone 95.97 – 95.54.

Traders need to update yesterday’s high to enter purchases and reverse the trend. In this case, the target for purchases will be the upper Target Zone 109.40 – 108.52.

USCrude trading ideas for today:

Sell according to the pattern in Intermediary Zone 104.58 – 104.15. TakeProfit: 99.85. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Yesterday, the Additional Zone 1959 – 1957 yielded profits. April 20 low was updated. The next target for sales is the Target Zone 1926 – 1919.

After the sellers updated April 20 low, the gold went into correction. As part of the correction, traders tested a new Additional Zone 1956 – 1954. Today, consider sales according to the pattern with a target at April 21 low in the beforementioned AZ.

If the Additional Zone is broken out upside during the trading, then buy the instrument with the target in the Intermediary Zone 1976 – 1972.

XAUUSD trading ideas for today:

Sell according to the pattern in Additional Zone 1956 – 1954. TakeProfit: 1937. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

Euro traders failed to reverse the short-term trend up. Yesterday, an unsuccessful attempt was made to break out key resistance. As a result, the American session closed the price under the Intermediary Zone 1.0863 – 1.0853.

Thus, a short-term downtrend continues today. Looking for euro sales according to the pattern with a target at level 1.0760 is a top priority today. After reaching level 1.0760, the next target for sales will be the Gold Zone 1.0704 – 1.0695.

To enter purchases, traders need to consolidate the price above level 1.0863. In this case, the target will be the upper Target Zone 1.0968 – 1.0949.

EURUSD trading ideas for today:

Enter sales at current prices. TakeProfit: Gold Zone 1.0704 – 1.0695. StopLoss: 1.0870.


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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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