Technical analysis of US Crude, XAUUSD, and EURUSD for today (8 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, the short-term euro downtrend continued.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, traders updated the previous local low and tried to break out the Target Zone 96.93 – 95.86, but failed.

Today the correction is developing. Its probable target is the test of the Intermediary Zone 98.57 – 98.10. After the IZ test, look for new oil sales with the first target at yesterday’s low and the second target in the Gold Zone 91.56 – 91.02.

An alternative buy scenario suggests the price consolidation above level 98.57 at the American session. In this case, the trend will reverse up. Therefore, from the next trading day, it will be possible to look for long trades with the target in the upper Target Zone 103.80 – 102.85.

USCrude trading ideas for today:

Sell according to the pattern in Intermediary Zone 98.57 – 98.10. TakeProfit: 93.49, Gold Zone 91.56 – 91.02. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Gold is trying to continue the short-term uptrend with the first target around March 31 high. The main target for purchases is the upper Target Zone 1969 – 1962.

To open a long trade, it is necessary to consolidate the price above yesterday’s high. In this case, it will be possible to enter purchases, and put the stop-loss beyond today’s low.

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

XAUUSD trading ideas for today:

Open buy positions above level 1937. TakeProfit: Target Zone 1969 – 1962. StopLoss: beyond today’s low.


Euro/Dollar forecast for today: EURUSD analysis

Yesterday, the short-term euro downtrend continued. As a result, April 6 local low was updated, and the Gold Zone 1.0896 – 1.0887 was broken out. The next target for sales is Target Zone 2 1.0800 – 1.0781. Consider new sales at strong resistance levels, Additional Zone 1.0907 – 1.0902 and Intermediary Zone 1.0960 – 1.0950. The latter serves as the trend’s border.

Traders need to consolidate the price above level 1.0960 at the American trading session to enter euro purchases.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.0907 – 1.0902. TakeProfit: 1.0855. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1.0960 – 1.0950. TakeProfit: 1.0855. 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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