Short-term analysis for oil, gold, and EURUSD for 22.02.2022

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.

As a result of the aggravation of the geopolitical situation in Ukraine, the short-term oil trend reversed up.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

As a result of the aggravation of the geopolitical situation around Ukraine, the short-term oil trend reversed up. Black stuff’s price broke out the Intermediary Zone 91.00 – 90.66. Now the growth target is the upper Target Zone 94.75 – 94.07. Consider new oil purchases in the Additional Zone 92.00 – 91.83 and in the border of the new trend 90.30 – 89.96. Focus on today’s high as the first target for profit-taking.

If the upper Target Zone is broken out and the price consolidates higher, the next growth target will be the Gold Zone 97.80 – 97.46.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 92.00 – 91.83. TakeProfit: Target Zone 94.75 – 94.07. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone  90.30 – 89.96. TakeProfit: Target Zone 94.75 – 94.07. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The short-term gold uptrend continued yesterday. The growth started in the trend key support zone of 1893 – 1886. As a result, the local high was updated. Now buyers are trying to consolidate the price above the Target Zone 2 1907 – 1904. If successful, the next target for purchases will be the Gold Zone 2 1920 – 1919.

If the price fails to consolidate above the Target Zone 2, a deep correction will begin with the target in the Intermediary Zone 1899 – 1897.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1899 – 1897. TakeProfit: 1913. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis  

The short-term euro downtrend continued. The price declined in the trend border of 1.1376 – 1.1367. As a result, the lower Target Zone 1.1318 – 1.1301 was reached. The next target of the fall is February 14 low.

If traders manage to consolidate the price below the Target Zone, the next target will be the Gold Zone 1.1230 – 1.1222. Otherwise, a correction at strong resistance levels, such as Additional Zone 1.1336 – 1.1331 and Intermediary Zone 1.1384 – 1.1375, will occur. I recommend considering new sales at the abovementioned strong levels.

EURUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1.1336 – 1.1331. TakeProfit: 1.1281. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1.1384 – 1.1375. TakeProfit: 1.1281. StopLoss: according to the pattern rules.


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Price chart of USCRUDE 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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