How To Make Money Today: Daily Market Analysis and Forex Trading Signals 13 January 2022
To assist you to make a good day-trading selection, we’ll cover the newest forex market analysis. Make more money today with our market analysis. You must know how to trade first, and have at least a simple understanding of chart patterns. Aside from that, we’ll cover some basic tips and methods that can aid anybody curious in day trading strategies. So let’s start by looking at some charts from today…
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On the H4 timeframe, prices are on bearish momentum and abiding to our bearish trendline. We would expect further bearish continuation to test our 1st resistance at 95.062 in line with 127.2% Fibonacci extension and 161.8% Fibonacci projection. Our bearish bias is further supported by prices trading below ichimoku clouds and RSI forecasting bearish momentum.
Areas of consideration:
- H4 time frame, 1st resistance at 95.062
- H4 time frame, 1st support at 94.620
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