Home Market Technical analysis of US Crude, XAUUSD, and EURUSD for today (21 June...

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

11
0


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.

During yesterday’s session, the euro price was trading above the Intermediary Zone 1.0505 – 1.0495.

The article covers the following subjects:

Oil price forecast for today: USCrude analysis

Oil is trading in a short-term downtrend. A correction is currently developing. As part of the correction, traders tested the Intermediary Zone 110.76 – 110.35 which serves as the trend’s border. It is profitable to look for sales in the IZ according to the pattern with the target at June 17 low.

To enter oil purchases, traders need to break out the Intermediary Zone and consolidate the price higher. In this case, the trend will reverse up, and the upper Target Zone 115.36 – 114.52 will become the target for purchases.

USCrude trading ideas for today:

Sell according to the pattern in Intermediary Zone 110.76 – 110.35. TakeProfit: 106.24. StopLoss: according to the pattern rules.


Gold price forecast for today: XAUUSD analysis

The short-term gold uptrend continues. Currently, the price is correcting and testing the Additional Zone 1839 – 1837. Buyers hold the zone, so look for purchases according to the pattern, with the first target around June 16 high. The second target for purchases is the upper Target Zone 1884 – 1877.

If the Additional Zone is broken out downside, the correction will continue with the target in the Intermediary Zone 1821 – 1817. The IZ serves as the border of a short-term uptrend. After its test, also look for purchases with the same targets.

XAUUSD trading ideas for today:

  1. Buy according to the pattern in Additional Zone 1839 – 1837. TakeProfit: 1857. StopLoss: according to the pattern rules.

  2. Buy according to the pattern in Intermediary Zone 1821 – 1817. TakeProfit: 1857. StopLoss: according to the pattern rules.


Euro/Dollar forecast for today: EURUSD analysis

During yesterday’s session, the euro price was trading above the Intermediary Zone 1.0505 – 1.0495. The short-term euro uptrend continues. The growth target is to update June 16 high. If successful, the next buy target will be a test of the Gold Zone 1.0656 – 1.0646.

Today, look for long trades according to the pattern. To form a pattern, traders need to break out yesterday’s high.

An alternative scenario suggests a reversal of the short-term trend down by breaking out the Intermediary Zone and price consolidation lower in the American session. In this case, consider euro sales with the first target at June 17 low and with the second target in the lower Target Zone 1.0409 – 1.0390.

EURUSD trading ideas for today:

Buy according to the pattern in Intermediary Zone 1.0505 – 1.0495. TakeProfit: 1.0600. StopLoss: according to the pattern rules.


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: 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 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.

Rate this article:

{{value}} ( {{count}} {{title}} )



Previous articleAussie eyes RBA minutes – MarketPulseMarketPulse
Next articleRoboMarkets expands R StocksTrader’s offering LeapRate