Home Market Technical analysis of US Crude, XAUUSD, and EURUSD for today (27 May...

Technical analysis of US Crude, XAUUSD, and EURUSD for today (27 May 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 has reached the primary upside target for the longs entered in the Intermediary Zone today.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The oil price has reached the upper Target Zone 112.59 – 112.72 in the short-term uptrend. The price hasn’t yet consolidated above the zone, and the price is being corrected. The correction likely target is to test the Additional Zone 111.57 – 111.35. After the AZ test, I recommend entering new longs according to the pattern with a target at yesterday’s high.

If the Additional Zone is broken out downside and consolidates below, the correction will continue deeper with a target at the trend border 109.38 – 108.95.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 111.57 – 111.35. TakeProfit: 113.69. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 109.38 – 108.95. TakeProfit: 113.69. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Additional Zone 1851 – 1849 hasn’t been broken out. The gold short-term trend remains up. It is relevant to enter buy trades according to the pattern with the target at the high of May 24. A buy pattern will emerge if the price consolidates above level 1856.

If the XAUUSD price continues rising and breaks through the high of May 24, it should break out Target Zone 1865 – 1858. If so, the next upside target will be Gold Zone 1898 – 1894.

If the price breaks out  Additional Zone downside, the correction will continue down to Intermediary Zone 1833 – 1830.

XAUUSD trading ideas for today:

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

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


Euro/Dollar forecast for today: EURUSD analysis

The EURUSD has reached the primary upside target for trades entered in Intermediary Zone. The high of May 24 has been broken through. Traders are trying to consolidate the price above Target Zone 2, 1.0752 – 1.0733. If they succeed, the price will continue rising to Gold Zone 2, 1.0839 – 1.0829. Otherwise, the price will be corrected down to strong support levels.

It is relevant to enter new buy trades at strong support levels, Additional Zone 1.0717 – 1.0712 and Intermediary Zone 1.0669 – 1.0659, if the price tests the level and draws a pattern.

EURUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1.0717 – 1.0712. TakeProfit: 1.0763. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 1.0669 – 1.0659. TakeProfit: 1.0763. 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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