How To Make Money Today: USD/CAD 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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USD/CAD:

On the H4, with price moving above the ichimoku cloud, we foresee potentially a bullish bounce that price will bounce from our 1st support at 1.26091 which is in line with horizontal overlap resistance and 38.2% Fibonacci retracement to 1st resistance at 1.27274 in line with the 78.6% Fibonacci retracement, which is a horizontal swing high resistance. Alternatively, price may break 1st support structure and head for 2nd support at 1.24604, in line with 100% Fibonacci projection and horizontal swing low support.

Areas of consideration:

H4 time frame, 1st support at 1.26091
H4 time frame, 1st resistance at 1.27274

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