Home Market Technical analysis of US Crude, XAUUSD, and EURUSD for today (23 June...

Technical analysis of US Crude, XAUUSD, and EURUSD for today (23 June 2022)

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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.

Euro buyers are trying to break out the Target Zone 1.0570 – 1.0550.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil downtrend continues. Yesterday, traders tried to break out the Target Zone 2 104.62 – 103.79. After the first unsuccessful attempt, the price corrected and tested the Intermediary Zone 105.71 – 105.29. The IZ was held, which caused the price decline.

Today, sellers are trying to break out Target Zone 2 again and consolidate the price lower. If successful, the next target for sales will be Gold Zone 2 100.45 – 100.03.

In this regard, today look for new sales in the Additional Zone 104.08 – 103.80, or hold the opened ones in the Intermediary Zone. The first target will be yesterday’s low.

USCrude trading ideas for today:

Hold sell trades entered in Intermediary Zone 105.71 – 105.29. TakeProfit: 101.21. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The short-term gold uptrend continues. Yesterday, traders failed to reach the Intermediary Zone 1821 – 1817. As a result, the price rose.

Today, sellers will make another attempt to test the Intermediary Zone. If successful, look for purchases according to the pattern with the target at June 16 high.

If the Intermediary Zone is broken out during trading, the trend will reverse down. In this case, consider sales with the target in the lower Target Zone 1785 – 1778.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1821 – 1817. TakeProfit: 1857. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

Euro buyers are trying to break out the Target Zone 1.0570 – 1.0550. If successful, the next target for purchases will be the Gold Zone 1.0656 – 1.0646.

Yesterday, after updating the local high, the euro corrected and tested the Additional Zone 1.0557 – 1.0552. The AZ is currently holding, so consider purchases in it according to the pattern with the target at yesterday’s high.

If the Additional Zone is broken out downside during trading, the correction will continue with the target in the Intermediary Zone 1.0509 – 1.0500. The IZ serves the trend key support, so look for purchases in it as well.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.0557 – 1.0552. TakeProfit: 1.0603. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 1.0509 – 1.0500. TakeProfit: 1.0603. 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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