Technical analysis of US Crude, XAUUSD, and EURUSD for today (21 March 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.

On Friday euro price corrected in ​​the Intermediary Zone 1.1041 – 1.1031.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Oil reached the Target Zone 105.80 – 104.60 as part of a short-term uptrend. Today, traders are trying to consolidate the price above this zone. If successful, the next target for purchases will be the Gold Zone 111.20 – 110.60.

It is profitable to consider new oil purchases on correction at strong support levels, the Additional Zone 103.69 – 103.39 and the Intermediary Zone 100.69 – 100.09.

To enter sales and reverse the oil trend, traders need to break out the Intermediary Zone downside.

USCrude trading ideas for today:

  1. Buy according to the pattern in Additional Zone 103.69 – 103.39. TakeProfit: 106.57. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 100.69 – 100.09. TakeProfit: 106.57. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

After the trend reversal up on March 17, the gold price began to correct. On Friday, the Additional Zone 1931 – 1930 was broken out. Today the price is trying to test the Intermediary Zone 1913 – 1910.

The Intermediary Zone serves as the border of a short-term uptrend. After its test, look for purchases according to the pattern with the first target at March 17 high. The second target for purchases will be the upper Target Zone 1974 – 1967.

If the IZ is broken out during trading and the price closes lower at the US session, the short-term trend will reverse down. In this case, from the next trading day, look for gold sales with the target in the lower Target Zone 1877 – 1870.

XAUUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1913 – 1910. TakeProfit: 1949, Target Zone 1974 – 1967. StopLoss: according to the pattern rules


Euro/Dollar forecast for today: EURUSD analysis  

On Friday euro price corrected in ​​the Intermediary Zone 1.1041 – 1.1031. The IZ serves as the border of a short-term uptrend. While this zone is being held, it is profitable to look for purchases according to the pattern with the target at the March 17 high. To form a pattern, traders need to consolidate the price above the Friday high at the American trading session.

To enter euro sales and reverse the trend, traders need to update March 18 low. In this case, the Intermediary Zone will be broken out, and traders will start to open short trades with the target in the lower Target Zone.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1.1041 – 1.1031. TakeProfit: 1.1134. 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 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.

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