How To Make Money Today: Daily Market Analysis and Forex Trading Signals 21 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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DXY:

On the H4, prices are on bullish momentum and have recently broken out of our daily descending trendline. We see potential for bullish continuation from our 1st support at 96.106 in line with 23.6% Fibonacci retracement towards our 1st resistance at 97.297 in line with 78.6% Fibonacci extension. Prices are trading above our Ichimoku Cloud support, further supporting our bullish bias.

Areas of consideration:

H4 time frame, 1st resistance at 96.284
H4 time frame, 1st support at 96.117

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