How To Make Money Today: Daily Market Analysis and Forex Trading Signals 25 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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DXY:

On the H4 timeframe, prices are on bullish momentum and abiding to our ascending trendline. We would expect potentially a bounce from our 1st support at 95.921 in line with 38.2% Fibonacci retracement and 61.8% Fibonacci extension towards our 1st resistance at 96.070 in line with 161.8% Fibonacci projection. RSI is showing bullish momentum and prices are trading above our Ichimoku clouds, further supporting our bullish bias.

Areas of consideration:

H4 time frame, 1st resistance at 96.070

H4 time frame, 1st support at 95.849

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