Home Forex Technical analysis of US Crude, XAUUSD, and EURUSD for today (10 March 2023)

Technical analysis of US Crude, XAUUSD, and EURUSD for today (10 March 2023)

by ForexGuy
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Welcome fellow traders! Combining margin zone methodology and technical analysis, we have made price predictions for US crude oil, XAUUSD, and EURUSD. Suggest entry signals to intraday traders based on market analysis.

The euro is trading after correcting its short-term downtrend.

Oil Price Prediction Today: USCrude Analysis

The medium-term downward trend in oil prices continues. A negative goal is level 72.60. Medium-term trends are stronger than short-term trends.

The short-term trend is up, but it can be down. The price tested yesterday was support (Â) 76.02 – 75.52. The zone has held up, but today the price is falling and may break through the support.

If the price breaks below level 75.50, the trend is down and the downside target is the lower target zone 71.07 – 70.08.

US crude oil Today’s Trading Ideas:

monitor the market.

Current Price: XAUUSD

Gold prices have corrected following strong downward momentum on March 7th. The price is testing the 1830 resistance level. The market has not consolidated above the resistance level and may enter a short trade at the current price. The downside target is the March 8 low and the target zone 1796-1789.

If TZ breaks out, the next target for the downtrend will be the gold zone 1759-1755.

Resistance (B) If the trend rises through the breakout of 1865 – 1860, it is associated with a buy.

XAUUSD Today’s Trading Ideas:

Resistance (Â) 1865 – Holds back some of the short trades entered at 1860. TakeProfit: 1805. StopLoss: At breakeven.

EUR/USD Forecast Today: EURUSD Analysis

EURUSD is correcting in a short-term downtrend. The correction target is the resistance value (A) 1.0640 to 1.0630. Once you hit the resistance zone, you can enter a new sell trade targeting the March 8th low.

If the price breaks through the resistance (A), it will continue to correct until the resistance (Â) 1.0699 – 1.0683. You can also initiate a sell trade after the resistance (B) is tested.

If the March 8 low is breached, the next down target will be the target zone 1.0503-1.0481.

EURUSD Today’s Trading Ideas:

  1. Sell ​​following the pattern at the resistance (А) 1.0640 – 1.0630. Take Profit: 1.0528. Stop Loss: Follows pattern rules.

  2. Sell ​​according to the pattern at resistance (Â) 1.0699 – 1.0683. Take Profit: 1.0528. Stop Loss: Follows pattern rules.

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EURUSD price chart in real time mode

The content of this article reflects the opinions of the author and does not necessarily reflect the official views of Right Finance. The material on this page is provided for informational purposes only and should not be considered as providing investment advice for the purposes of Directive 2004/39/EC.

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