How To Make Money Today: Daily Market Analysis and Forex Trading Signals 28 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…
On the weekly chart , price is near 1st resistance level of 1.14226 which is also 23.6% Fibonacci retracement and 61.8% Fibonacci projection. Price can potentially dip to the 1st support level of 1.06475 which is also 78.6% Fibonacci projection and graphical swing low. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it.
On the daily chart, price is near 1st resistance level of 1.11970 which is also 61.8% Fibonacci projection. Price can potentially dip to the 1st support level of 1.09852 which is also 100% Fibonacci projection and 78.6% Fibonacci retracement. Our bearish bias is supported by the ichimoku cloud indicator as price is trading below it.
On the H4 chart price is near 1st support level of 1.11355 which is the graphical swing low. Price can potentially bounce to the 1st resistance level of 1.12351 which is also 61.8% Fibonacci projection and 61.8% Fibonacci retracement. Our bullish bias is supported by technical indicators.
Areas of consideration :
- H4 1st resistance at 1.12351
- H4 1st support at 1.11355
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