How To Make Money Today: USD/CAD Daily Market Analysis and Forex Trading Signals 31 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 prices moving above the ichimoku cloud, we see the potential for a bounce from our 1st support at 1.27432 in line with Horizontal overlap support and 23.6% Fibonacci retracement towards our 1st resistance at 1.28498 in line with horizontal swing high resistance and 127.2% Fibonacci extension. Alternatively, price may break 1st support structure and head for 2nd support at 1.26712, in line with 50% Fibonacci retracement and horizontal overlap support.

Areas of consideration:

H4 time frame, 1st support at 1.27432
H4 time frame, 1st resistance at 1.28498

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