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Technical analysis for US Crude, XAUUSD, and EURUSD today (14 September 2021)

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.

Yesterday, the euro broke out the Intermediary Zone 1.1820 – 1.1812.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Yesterday, oil reached the resistance level of 70.33. This level was the main target for purchases in the zone of 67.87 – 67.17. Now the level 70.33 has been broken out, so now a new target is Target Zone 2 72.85 – 72.32.

It is profitable to look for new purchases on correction at strong supports: Additional Zone 69.63 – 69.50 and Intermediary Zone 68.36 – 68.10.

To sell oil, a trend reversal by breaking out the Intermediary Zone and price consolidation below are required.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 69.63 – 69.50. TakeProfit: Target Zone 2 72.85 – 72.32. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 68.36 – 68.10. TakeProfit: Target Zone 2 72.85 – 72.32. StopLoss: according to the pattern rules.

Gold price forecast for today: XAUUSD analysis

The XAUUSD bears are trying to break out support level 1787 within a short-term downtrend. If successful, the next target for sales will be the Gold Zone 1772-1770.

Otherwise, the price will rise to the Intermediary Zone 1805 – 1803 which serves as the trend’s key resistance. In this case, watch if buyers manage to break out the zone and reverse the trend, or a false breakout of the September 10 high and a new decline will occur.

XAUUSD trading ideas for today:

Watch the market.

Euro/Dollar forecast for today: EURUSD analysis 

Yesterday, the euro broke out the Intermediary Zone 1.1820 – 1.1812, but the price closed within the zone at the US trading session. Therefore, it is too early to draw conclusions about the short-term trend’s reversal down. However, the preconditions have been created, so the euro key resistance for the next few days is the zone of 1.1867 – 1.1858.

If the resistance of 1.1867 – 1.1858 is broken out as part of the growth, then there will be every reason to buy the euro with the target at the upper Target Zone 1.1963 – 1.1946.

If the resistance 1.1867 – 1.1858 is held, and then a sell pattern is formed, it will be possible to sell the euro with the target at the lower Target Zone 1.1733 – 1.1715.

EURUSD trading ideas for today:

Sell according to the pattern in the zone of 1.1867 – 1.1858. TakeProfit: 1.1774, Target Zone 1.1733 – 1.1715. StopLoss: according to the pattern rules.

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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 LiteForex. 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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