Technical analysis of US Crude, XAUUSD, and EURUSD for today (29 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, euro traders unsuccessfully tried to break out the Gold Zone 1.0512 – 1.0503.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil uptrend continued yesterday. As a result, the Target Zone 104.66 – 103 79 was reached. Today, traders are trying to break out this TZ and consolidate the price higher. If they succeed, the next buy target will be the Gold Zone 108.60 – 108.16. Otherwise, the oil will correct.

If the correction starts, expect the price in the Additional Zone 103.37 – 103.15. After testing the AZ, look for a new buy pattern with a target at today’s high.

If the Additional Zone is broken out downside, the correction will continue with the target in the Intermediary Zone 101.19 – 100.75. The IZ serves as the trend border.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 103.37 – 103.15. TakeProfit: 105.50. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 101.19 – 100.75. TakeProfit: 105.50, Target Zone 104.66 – 103.79. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

After an unsuccessful breakout of the Gold Zone 1890 – 1886 by sellers, gold corrected and reached the Intermediary Zone 1911 – 1908. Today, traders will try to break out this key resistance of the short-term downtrend.

If the Intermediary Zone is broken out upside and the price closes higher in the American trading session, the short-term trend will reverse up. Next week, look for gold purchases with a target in the upper Target Zone 1951 – 1944.

If the Intermediary Zone is held and a sell pattern forms, start gold sales with the first target at April 28 low.

XAUUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1911 – 1908. TakeProfit: 1873. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

Yesterday, traders unsuccessfully tried to break out the Gold Zone 1.0512 – 1.0503. After that, a correction began, with the target of testing the Intermediary Zone 1.0576 – 1.0567.

The Intermediary Zone serves as the border of a short-term downtrend. After reaching it, look for a sell pattern. If it appears, sell the euro with a target at April 28 low.

If the price breaks out the Intermediary Zone during the trading session and consolidates higher, the trend will reverse up. In this case, look for euro purchases. The target for purchases will be the upper Target Zone 1.0682 – 1.0663.

EURUSD trading ideas for today:

Sell according to the pattern in Intermediary Zone 1.0576 – 1.0567. TakeProfit: 1.0475. 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.