How To Make Money Today: NZD/USD Daily Market Analysis and Forex Trading Signals 24 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 are approaching a pivot and are on bullish momentum. We see potential for a bounce from our 1st support at 0.67007 in line with 50% Fibonacci retracement towards 1st resistance at 0.68091 in line with swing high resistance. Prices are trading above our ichimoku cloud support, further supporting our bullish bias. Alternatively, our stop loss will be placed at 0.65938 in line with 78.6% Fibonacci retracement.

Areas of consideration:

H4 time frame, 1st resistance at 0.68091

H4 time frame, 1st support at 0.67007

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