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How To Make Money Today: Dow Jones Daily Market Analysis and Forex Trading Signals 21 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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Dow Jones Industrial Average:

On the Weekly,  with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 36579 which is in line with horizontal swing high resistance and 161.8% Fibonacci extension level from 1st  support at 34184, which is in line with horizontal overlap support and 78.6% Fibonacci retracement. Alternatively, price may break 1st support structure and head for 2nd support at 32724, which coincides with horizontal overlap support and 127.2% Fibonacci extension.

On the Daily,  with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 35662 which is in line with horizontal swing high resistance and 50% Fibonacci retracement level from 1st  support at 34748, which is in line with horizontal overlap support and 127.2% Fibonacci extension. Alternatively, price may break 1st support structure and head for 2nd support at 34006, which coincides with horizontal overlap support and 127.2% Fibonacci extension.

On the H4,  with price moving above the ichimoku cloud, we have a bullish bias that price will rise to our 1st resistance at 35672 which is in line with horizontal swing high resistance and 38.2% Fibonacci retracement level from 1st  support at 34671, which is in line with horizontal overlap support and 127.2% Fibonacci extension. Alternatively, price may break 1st support structure and head for 2nd support at 33988, which coincides with horizontal overlap support and 200% Fibonacci extension.

Areas of consideration:

  • H4 time frame, 1st resistance of 35672
  • H4 time frame, 1st support of 34671
dow jones forecast

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