September 20-25 Trade Ideas

September 20-25 Trade Ideas

2021-09-20 • Updated

US stock market corrects, gold recovers and the crypto market drops hard! Best trade opportunities during this week in the article!

Let’s check the charts and set some goals!

NASDAQ (US100)

The US100 index plunges as the US dollar strengthens. The US stock market will face a big correction at the end of September!

Daily chart

US100Daily.png

NASDAQ faces the correction everybody has been waiting several months. US stock index gained by more than 120% since March 2020 drop. Targets are 14600 (2,7%) and 14000 (7,1%).

GOLD (XAU/USD)

XAUUSDH4.png

Gold has always been the best safe-haven asset. This market turbulence period will not be an exception. XAU/USD already shows strength against the whole market, and we suppose this trend to continue. Targets are $1777 and $1783.

Bitcoin (BTC/USD)

BTCUSDDaily.png

Bitcoin price demonstrates that the community does not recognize crypto as a safe haven. Bitcoin plunges by 8% on Monday. Despite this, we expect the pullback to happen during this week if Bitcoin steaks above $44 200 by the end of Monday's trading session. Target is $47 000. If it breaks, $42 850 support level and holds below it, we will see a drop with the target at $40 500.

TRADE NOW

Similar

Worst Awaits Risk Assets in September
Worst Awaits Risk Assets in September

The Crypto market usually also has a rough time in September. Bitcoin lost 12.7% in September 2021, 17.4% in 2020, 17.5% in 2018, 21.4% in 2017 and 45.4% in 2015. The main cryptocurrency increased by 13.3% and 3.95% in 2016 and 2019, respectively.

Gurus  Bet on Deeper Correction
Gurus Bet on Deeper Correction

Warren Buffett, the American businessman and philanthropist, has put most of Berkshire Hathaway’s cash in short-term United States Treasury bills since they offer as much as 3.43% in yields. 

Latest news

TRADE IDEA: What's Next for Yen Crosses?
TRADE IDEA: What's Next for Yen Crosses?

The views here are solely based on Technical Analysis techniques using my personal Smart Money approach. Hence, it is important to understand that the trading of CFDs comes at a risk; if not properly managed, you may lose all of your trading capital. To avoid costly mistakes while you look to trade these opportunities, be sure to do your own due diligence and manage your risk appropriately.

TRADE IDEA: BREAKDOWN OF MAJOR PAIRS
TRADE IDEA: BREAKDOWN OF MAJOR PAIRS

Even though we've only witnessed sluggish movements from the Dollar over the past few weeks, the general idea and bias still seem intact and untampered. The bullish impulse however can be seen as "searching for support".

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