How To Make Money Today: Daily Market Analysis and Forex Trading Signals 20 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 chart , price is abiding by an ascending trendline and is near 1st support level of 1.13189 which is also 78.6% Fibonacci retracement and 127.2% Fibonacci projection. Price can potentially go to the 1st resistance level of 1.14348 which is also 61.8% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is supported by the stochastic indicator as it is at support level

Areas of consideration:

H4 1st resistance at 1.14348
H4 1st support at 1.13189

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