Technical analysis for US Crude, XAUUSD, and EURUSD today (21 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.
The euro continues trading in the short-term downtrend.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
The oil price has not broken out the key support of the short-term uptrend at 70.32 – 70.07. It is still relevant to buy. The nearest resistance is Additional Zone 71.07 – 70.94. If the market breaks out Additional Zone, it will continue rising with the target in Target Zone 2, 72.85 – 72.32.
If Addition Zone is not broken out, the trend could turn down. If the price breaks out Intermediary Zone 70.32 – 70.07, the oil short-term trend will reverse down, and it will be relevant to sell down to the target in Target Zone 67.77 — 67.26.
USCrude trading ideas for today:
Sell according to the pattern in Additional Zone 71.07 – 70.94. TakeProfit: 69.70. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
Gold reached the key resistance of the short-term downtrend at 1765 – 1762. It is still relevant to sell. Enter sell trades according to the pattern with the target at yesterday’s low.
If Intermediary Zone is broken out upside and the price consolidates above the zone at the US session, the gold short-term trend will turn up. If so, it will be relevant to buy with a target at Target Zone 1787 — 1783.
XAUUSD trading ideas for today:
Sell according to the pattern in Intermediary Zone 1765 – 1762. TakeProfit: 1743. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
EURUSD is still trading down in the short term. Yesterday bears tried to break out Target Zone 1.1733 – 1.1715 but failed. The price closed in the medium-term support zone at the US session.
The price is being corrected up in the short-term downtrend. The correction target is Additional Zone 1.1748 – 1.1744. After the price tests Additional Zone, I suggest entering short trades in the trend with the target at yesterday’s low 1.1701.
It will be relevant to buy the euro when bulls break out Additional Zone and consolidate the price above. If so, one could enter a long with a target in Intermediary Zone 1.1797 – 1.1788.
EURUSD trading ideas for today:
Sell according to the pattern in Additional Zone 1.1748 – 1.1744. TakeProfit: 1.1701. 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 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.