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Technical analysis of US Crude, XAUUSD, and EURUSD for today (29 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.

There are growing risks of the euro trend reversal down.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

The short-term oil uptrend continues. Yesterday, the Target Zone 110.30 – 109.47 was broken out. The next target for purchases is the Gold Zone 114.06 – 113.64.

Consider new oil purchases on correction at strong support levels, Additional Zone 109.05 – 108.84 and Intermediary Zone 106.97 – 106.55. To enter a trade, wait for the level test and look for the corresponding pattern. Focus on today’s high as the main target for purchases.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 109.05 – 108.84. TakeProfit: 111.07. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 106.97 – 106.55. TakeProfit: 111.07. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Gold traders are testing the short-term uptrend’s key support of 1821 – 1817. They cannot break out the zone, so the uptrend continues. Today look for purchases according to the pattern with the first target at June 16 high. The second target for purchases will be the upper Target Zone 1884 – 1877.

To form a buy pattern, it is necessary to consolidate the price above June 27 high. In this case, the “1-2-3” pattern will appear, within which it will be possible to enter long trades.

Price consolidation in the American session below level 1817 is required for entering sales.

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

There are growing risks of the euro trend reversal down. Yesterday, traders reached the trend key support of 1.0518 – 1.0509 and tried to break it out, but to no avail.

Today at the Asian session, another attempt was made to break out the key support. Now the price is trading below the zone. If it closes lower during the American trading session today as well, the trend will reverse down.

When the trend reverses down, consider sales with a target in ​​the lower Target Zone 1.0422 – 1.0403. However, if the trend key support is held today, from tomorrow, continue to search for euro purchases with a target at June 27 high.

EURUSD trading ideas for today:

Watch the market.


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Ask me questions and comment below. I’ll be glad to answer your questions and give necessary explanations.

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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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