Technical analysis for US Crude, XAUUSD, and EURUSD today (30 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 short-term euro downtrend continued.
The article covers the following subjects:
Oil price forecast for today: USCrude analysis
On Thursday morning, the short-term oil uptrend continues. Yesterday, the traders tested the key support of the trend, Intermediary Zone 73.95 – 73.69, but unsuccessfully. Today expect a pattern to buy oil with the target at level 76.41.
An alternative scenario suggests a breakout of the Intermediary Zone and price consolidation below. In this case, the short-term trend will reverse down, so start selling oil in the lower Target Zone 71.40 – 70.89.
USCrude trading ideas for today:
Buy according to the pattern in Intermediary Zone 73.95 – 73.69. TakeProfit: 76.41. StopLoss: according to the pattern rules.
Gold price forecast for today: XAUUSD analysis
Yesterday, gold sellers reached the Gold Zone 1725 – 1723. For a further fall, traders need to break out the GZ and consolidate the price below. In this case, the next target will be Target Zone 2 1704 – 1700.
Today, as part of the correction, the Additional Zone 1733 – 1731, which serves as a strong resistance, was tested. Look for sales in the AZ according to the take-profit pattern at the yesterday’s low.
To enter purchases, traders need to break out the Additional Zone. This will allow considering a long trade with a target in the Intermediary Zone 1744 – 1742.
XAUUSD trading ideas for today:
Sell according to the pattern in Additional Zone 1733 – 1731. TakeProfit: 1723. StopLoss: according to the pattern rules.
Euro/Dollar forecast for today: EURUSD analysis
Yesterday, the short-term euro downtrend continued. As a result, the Gold Zone 1.1645 – 1.1636 was reached and broken out. The next target for sales is Target Zone 2 1.1557 – 1.1539.
Taking into account the general overbought of the US dollar, today expect a euro correction and a test of the nearest resistance level which is the Additional Zone 1.1638 – 1.1633. After the AZ test, look at the traders’ reaction. If a sell pattern is formed, then sell the euro with a target at yesterday’s low.
If the Additional Zone is broken out by a strong upward impulse, then consider purchases up to the Intermediary Zone 1.1686 – 1.1677. Level 1.1687 serves as the border of the short-term downtrend.
EURUSD trading ideas for today:
Sell according to the pattern in Additional Zone 1.1638 – 1.1633. TakeProfit: 1.1592. StopLoss: according to the pattern rules.
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Price chart of EURUSD in real time mode
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