How To Make Money Today: NZD/USD Daily Market Analysis and Forex Trading Signals 10 February 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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NZD/USD:

On the H4 timeframe, prices were on bearish momentum and are abiding to our descending trendline. We see potential for prices to dip from our 1st resistance at 0.67005 in line with 23.6% Fibonacci retracement, 38.2% Fibonacci retracement and 78.6% Fibonacci extension towards our 1st support at 0.65916 in line with 161.8% Fibonacci retracement. Our bias is further supported by RSI being at levels where dips previously occurred. Alternatively, our stop loss will be placed at 2nd resistance at 0.67567 in line with 61.8% Fibonacci retracement.

Areas of consideration:

H4 time frame, 1st resistance at 0.67005
H4 time frame, 1st support at 0.65942

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