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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EUR/USD :

On the H4 chart, the EURUSD price is trading in a descending channel and near 1st resistance level of 1.14633 which is also 61.8% Fibonacci retracement. Price can potentially dip to the 1st support level of 1.13762 which is also 50% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it is near resistance level. 

Areas of consideration: 

  • H4 1st support at 1.13762
  • H4 1st resistance at 1.14633

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