Technical analysis of US Crude, XAUUSD, and EURUSD for today (4 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 trend reversed down on March 31.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

On Friday last week, the Target Zone 96.93 – 95.86 was reached. After reaching the TZ, traders exited large sales, and the price corrected in the Additional Zone 99.84 – 99.57. The AZ was held. Today, this resistance level is being retested. Therefore, as long as sellers hold resistance, look for sales with the target at April 1 low.

If the Additional Zone is broken out upside during the trading session, then the correction will continue with the target in the trend border of 102.80 – 102.26.

USCrude trading ideas for today:

  1. Sell according to the pattern in Additional Zone 99.84 – 99.57. TakeProfit: 96.93. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 102.80 – 102.26. TakeProfit: 96.93. StopLoss: according to the pattern rules.

Gold price forecast for today: XAUUSD analysis

The short-term gold uptrend continues. March 31 high and the upper Target Zone 1969 – 1962 serve as the growth targets. Last week, the price corrected to the zone of good buy prices 1931 – 1910. It is profitable to buy gold in the beforementioned zone according to the pattern with the targets indicated above.

To sell gold and reverse the trend down, traders need to break out level 1910. In this case, the target for sales will be the lower Target Zone 1877 – 1870.

XAUUSD trading ideas for today:

Open buy positions according to the pattern in the zone of 1931 – 1910. TakeProfit: 1949, Target Zone 1969 – 1962. StopLoss: according to the pattern rules.

Euro/Dollar forecast for today: EURUSD analysis

The short-term euro trend reversed down on March 31. On Friday, April 1, the decline continued. The main target of the fall is the lower Target Zone 1.0992 – 1.0973.

A correction is currently developing. If the price reaches the Additional Zone 1.1080 – 1.1075 within the correction, look for a sell pattern and sell the euro with the first target at April 1 low.

The trend border is shifting to the zone of 1.1133 – 1.1123. As long as the price is trading below this zone, the trend will remain down. 

EURUSD trading ideas for today:

Sell according to the pattern in the zone of 1.1133 – 1.1075. TakeProfit: 1.1029, Target Zone 1.0992 – 1.0973. 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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