Technical analysis of US Crude, XAUUSD, and EURUSD for today (21 April 2022)


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.

Oil reached the Target Zone 100.35 – 99.47 within the short-term downtrend.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Oil reached the Target Zone 100.35 – 99.47 within the short-term downtrend. Sales in the Additional Zone 103.81 – 103.59 yielded profits.

After reaching the Target Zone, the price corrected. A possible correction target is a test of the Intermediary Zone 104.58 – 104.15. The IZ serves as the border of a short-term downtrend. Therefore, after its test, look for new oil sales according to the pattern with a target at yesterday’s low.

To enter oil purchases, traders need to break out level 104.58 and consolidate the price at the US trading session higher. In this case, the trend will reverse up, and the upper Target Zone 109.40 – 108.52 will become the target for purchases.

USCrude trading ideas for today:

Sell according to the pattern in Intermediary Zone 104.58 – 104.15. TakeProfit: 99.85. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

Gold is trading in a correction to a short-term downtrend. Yesterday, an Additional Zone 1959 – 1957 was tested. Today, look for a pattern to enter sales in this zone. The first target for sales will be yesterday’s low. The second target will be the lower Target Zone 1926-1919.

If the Additional Zone is broken out upside during the trading, then buy gold with the target in the Intermediary Zone 1979 – 1975. The IZ serves as the trend border, so after reaching it, look for new sales with the same targets.

XAUUSD trading ideas for today:

  1. Sell according to the pattern in Additional Zone 1959 – 1957. TakeProfit: 1940, Target Zone 1926 – 1919. StopLoss: according to the pattern rules.

  2. Sell according to the pattern in Intermediary Zone 1979 – 1975. TakeProfit: 1940, Target Zone 1926 – 1919. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

The short-term euro trend reversed up. The price broke out the Intermediary Zone 1.0863 – 1.0853. Now it is trying to consolidate above. If the American trading session opens above the Intermediary Zone today, look for long trades with the target in the upper Target Zone 1.0968 – 1.0949.

To enter sales, traders need to update today’s low. In this case, a false breakout pattern will be formed, within which it will be possible to open a short trade with a target at April 14 low.

EURUSD trading ideas for today:

Watch the market.


P.S. Did you like my article? Share it in social networks: it will be the best “thank you” 🙂

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

Useful links:

  • I recommend trying to trade with a reliable broker here. The system allows you to trade by yourself or copy successful traders from all across the globe.
  • Use my promo-code BLOG for getting deposit bonus 50% on LiteFinance platform. Just enter this code in the appropriate field while depositing your trading account.
  • Telegram chat for traders: https://t.me/liteforexengchat. We are sharing the signals and trading experience
  • Telegram channel with high-quality analytics, Forex reviews, training articles, and other useful things for traders https://t.me/liteforex

Price chart of USCRUDE 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.

Rate this article:

value ( count title )





Source link

Leave a Reply

Your email address will not be published.