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How To Make Money Today: Daily Market Analysis and Forex Trading Signals 26 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 consolidating in a triangle. We would expect potentially a bounce from our 1st support at 95.878 in line with 23.6% Fibonacci retracement and 127.2% Fibonacci extension towards our 1st resistance at 96.219 in line with 61.8% Fibonacci extension and descending trendline resistance. Prices are trading above our ichimoku support and also ascending trendline, further supporting our bullish bias.

Areas of consideration:

H4 time frame, 1st resistance at 96.219

H4 time frame, 1st support at 95.878

dxy technical analysis

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