Home Market Technical analysis of US Crude, XAUUSD, and EURUSD for today (26 May,...

Technical analysis of US Crude, XAUUSD, and EURUSD for today (26 May, 2022)

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Hello, my fellow traders! Here’s my forecast for US Crude, XAUUSD, and EURUSD made using margin zones and classical technical analysis. Based on this analysis, I made a list of entry signals for intraday traders.

Euro quotes corrected yesterday to the Intermediary Zone 1.0652 – 1.0642.

The article covers the following subjects:

Oil Forecast for today: USCrude analysis

Oil continues trending up in the short term with the main target in the upper Target Zone 112 59 – 111.72. This week, the price has corrected to the area of Additional Zone 109.03 – 108.82, trying to break it to the downside. If sellers succeed, the correction will continue with a target in Intermediary Zone 106.85 – 106.41.

The Intermediary Zone serves as the trend limit. Once it’s reached, look for new longs according to the pattern with the first target at 23 May’s high. 

If Additional Zone is hold in today’s trading, the price will continue growing. The maximum of 23 May will be updated, and the upper Target Zone will be reached. 

Trading plan for USCrude for today:

  1. Buy according to the pattern from Additional Zone 109.03 – 108.82. TakeProfit: 110.60, Target Zone 112.59 – 111.72. StopLoss: according to pattern rules.

  2. Buy according to the pattern from Intermediary Zone 106.85 – 106.41. TakeProfit: 110.60, Target Zone 112.59 – 111.72. StopLoss: according to pattern rules.

Gold forecast for today: XAUUSD analysis

Gold continues trending up in the short term. After a failure to break out Target Zone 1865 – 1858, the price corrected to the area of Additional Zone 1850 – 1849. Buyers managed to hold the Additional Zone. Today, we are looking for a pattern to buy with a target at 24 May’s maximum.

If 24 May’s maximum is updated, we’ll have a big chance to consolidated above Target Zone. The next growth target will then be the Gold Zone 1898 – 1894.

If the Additional Zone is broken to the downside, the correction will continue with a target in Intermediary Zone 1833 – 1830.

Trading plan for XAUUSD for today:

  1. Buy according to the pattern from Additional Zone 1851 – 1849. TakeProfit: 1869. StopLoss: according to pattern rules.

  2. Buy according to the pattern from Intermediary Zone 1833 – 1830. TakeProfit: 1869. StopLoss: according to pattern rules.

Today’s forecast for the EURUSD: EURUSD analysis

Euro quotes corrected yesterday to Intermediary Zone 1.0652 – 1.0642. The zone wasn’t broken out, and we can see the buyer’s reaction today. To open a long position, we need a pattern. The buying target will then be 24 May’s high.

If Intermediary Zone is broken out to the downside and the price consolidates below, the short-term trend will reverse down. Then, we might sell the euro with a target in the lower Target Zone.

Trading plan for EURUSD for today:

Buy according to the pattern from Intermediary Zone 1.0652 – 1.0642. TakeProfit: 1.0746. StopLoss: according to 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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